Dabur up as Nepal facility resumes operations

DALAL STREET SPIKES

The share price of Dabur moved up by 2.30 per cent, or Rs 2, to close at Rs 89.05 on the Bombay Stock Exchange (BSE). The company's subsidiary in Nepal has resumed operations, ending nearly a month-long lock-out by a pro-Maoist union over labour tussle.

The company at Birgunj in the Parsa district resumed operations yesterday after it reached an agreement with the All Nepal Trade Union Federation Revolutionary and dropped a clause that said it would not pay wages for the strike period, sources in the company said. The stock touched a high of Rs 90 and a low of Rs 87 on BSE.