Dabur India to Acquire 51% Stake in Badshah Masala in Rs 587.52-Crore Deal
News 18Home-grown FMCG firm Dabur India on Wednesday said it will acquire 51 per cent stake in Badshah Masala in a Rs 587.52-crore deal, marking its entry in the fast-growing spices and seasoning category. Over the acquisition cost, Dabur India said “51 per cent equity shareholding has been agreed at Rs 587.52 crore less proportionate debt as on the closing date”, with the Badshah enterprise being valued at Rs 1,152 crore. While the balance 49 per cent of the equity share, Dabur said is “to be acquired after a period of 5 years.” With this acquisition, Dabur India aspires to “expand its Foods business to Rs 500 crore in 3 years and expand into new adjacent categories,” said a company statement. Our investment in Badshah Masala will help expand this business and continue to provide unmatched quality products,” Dabur India Chairman Mohit Burman said.
History of this topic
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