Dabur India Limited has informed to the exchanges regarding acquisition in Badshah Masala for over Rs500 crore.
According to the regulatory filing, pursuant to Share Purchase Agreement (‘SPA’) and Shareholders Agreement (‘SHA’) executed by the company with the existing Promoters and Shareholders of Badshah, Dabur has acquired 51% equity shareholding of Badshah from its shareholders and the said transaction has been completed on January 2, 2023.
Consequent to the above transaction, Badshah Masala Private Limited has become a subsidiary of Dabur India Limited w.e.f. January 02, 2023.
Currently, the FMCG major Dabur India was trading at Rs562.25 per share higher by 0.09% as against previous close of Rs561.75 per share on the BSE.
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