Dabur to acquire 51% stake in Badshah Masala; stock rises 4%

The management said that the transaction is expected to be Cash EPS neutral in the first year and accretive thereafter.

Shares of Dabur India were up 4 per cent to Rs 551 apiece in Thursday’s intra-day trade, after the company acquired 51 per cent stake in Badshah Masala Private Limited for Rs 587.5 crore (the balance 49 per cent stake would be acquired after five years).

“The company has signed definitive transaction agreements to acquire 51 per cent shareholding of Badshah Masala Private Limited (Badshah), which is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings,” Dabur India said.

This acquisition is in line with Dabur's strategic intent to expand in