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Dabur acquires 2 personal care products firm in South Africa for Rs 250 mn

Shares of Dabur India were trading 2.01 per cent up at Rs 343.35 on BSE

Press Trust of India  |  New Delhi 

Dabur
Photo: Dabur.com

FMCG major on Friday said it has completed acquisition of two South Africa-based — D&A Cosmetics Proprietary Ltd and — through its subsidiary.

The company had last year announced that it will acquire the two personal care products in for a total cash consideration of 50 million rands (about Rs 250 million).

In a stock exchange filing, said its wholly owned subsidiary Inc has acquired 100 per cent share capital of the

Accordingly, both the companies have become step down wholly owned subsidiary companies of Ltd, it added.

This is not Dabur's first acquisition in In 2016, it had earlier acquired a South Africa-based Discaria Trading (PTY) Ltd.

In April last year, the company had announced completion of acquisition of personal, hair care and creams businesses of based-CTL group of companies valued at $1.5 million (Rs 100 million).

As per the last year's announcement, while D&A Cosmetics is acquired at a cost of 4,79,40,000 Rands (around Rs 240 million), Atlanta Body and Health Products' acquisition cost was 20,60,000 Rands (over Rs 10 million).

Shares of Dabur India were trading 2.01 per cent up at Rs 343.35 on BSE.

First Published: Fri, April 06 2018. 18:18 IST
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