Dabur acquires 51% stake in Badshah Masala for Rs 587.52 crore: Dabur India will acquire a 51 per cent stake in Badshah Masala in a deal worth Rs 587.52 crore. Dabur India has entered the rapidly growing spice and condiments category. The company entered into definitive transaction agreement to acquire 51 per cent shareholding in Badshah Masala Pvt.
October 2022 Current Affairs Quiz
Badshah Masala Pvt Ltd is a firm engaged in manufacturing, marketing, and export of ground spices, blended spices, and seasoning. The acquisition is in line with the company’s strategic intent of entering into new adjacent categories in the food space.
Dabur India to acquire 51 percent stake in Badshah Masala-Key Points
- Dabur acquires a 51 percent equity stake in the company for Rs 587.52 crore.
- Dabur will acquire 49 percent of the equity after a 5-year period.
- In three years, Dabur India aspires to expand its food business to Rs 500 crore and expand into new adjacent categories.
- This initiative also marks the entry of Dabur into the over Rs 25,000 crore branded spices and seasoning market in India.
- Dabur also joined the league of other FMCG markers such as Tata Consumer Products Ltd and ITC, Emami, etc.
About Dabur
S.K. Burman founded Dabur Ltd, an Indian Multinational Consumer Goods company. It produces Ayurvedic medicine and natural consumer goods. It is one of India’s largest FMCG companies. Dr. S.K. Burman founded Dabur in Kolkata in 1884.About Badshah Masala
Badshah Masala Pvt Ltd is a firm engaged in manufacturing, marketing, and export of ground spices, blended spices, and seasoning. Badshah Masala Company was founded in 1958. The company is managed by Jhaveri Family. The Managing Director of Badshah Masala is Hemant Jhaveri.
