M&A

M&A

FMCG co Dabur buys residual stake in Bangladesh's Asian Consumer Care for Rs.51-Cr

BSE Disclosure   Economic Times  

Listed FMCG firm Dabur India has acquired 84,79,187 equity shares & 1,000 equity shares, respectively in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for about INR 51 crore. Dabur had held 76% in the target firm before the latest acquisition of the residual 24% held by Advanced Chemical Industries for around INR 51 crore. Asian Consumer Care manufactures and markets consumer care products.