Dabur acquired Badshah: Dabur’s subsidiary company with 51% stake became Badshah Masala, Rs 587.52 crore. deal of.

FMCG company Dabur India Limited on 2 January announced the completion of acquisition of 51% stake in Badshah Masala. After this transaction, Badshah Masala has now become a subsidiary of Dabur. Dabur gave this information in the exchange filing. Dabur had said on October 26 that it was acquiring 51% stake in Badshah and plans to buy the remaining 49% over a period of five years.

The acquisition is in line with Dabur’s plans to grow its food business to Rs 500 crore in three years and expand into new categories. The acquisition will mark Dabur’s entry into the over Rs 25,000 crore branded spices market in India. A paper released by the investment bank last year estimated that the market for branded spices would double to Rs 50,000 crore by 2025.

Badshah Masala will operate as a standalone entity and promoter Hemant Jhaveri will continue in the role of managing director. Whereas, Dabur India Ltd. shares closed at ₹562.90 today, which is 0.26% higher than its previous closing price of ₹561.45. Dabur had declared a net profit of Rs 4.9 billion and an interim dividend of Rs 2.5 per share for the quarter ended September.

Dabur’s growth strategy will accelerate

When the Badshah acquisition was announced in October, Dabur chairman Mohit Burman had said, “This acquisition will accelerate our growth strategy as we continue to build out our food business.” Hemant Jhaveri, managing director of Badshah Masala, said: had said, “We are delighted to enter into a strategic partnership with Dabur. Joining hands with Dabur will help drive Badshah’s future growth on a strong trajectory.”