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Dabur completes acquisition of 51% stake in Badshah Masala

Badshah Masala has become a subsidiary of Dabur "with effect from today", a regulatory filing stated. The majority stake was acquired for a cash consideration of Rs 587.52 crore.

January 03, 2023 / 08:51 AM IST
Badshah Masala has 80,000 distributors and Dabur plans to leverage its larger distribution network (Representative image)

Badshah Masala has 80,000 distributors and Dabur plans to leverage its larger distribution network (Representative image)

 
 
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FMCG major Dabur India has announced the completion of its acquisition of a 51 percent stake in spice brand Badshah Masala.

"Pursuant to share purchase agreement and shareholders agreement executed by Dabur India Limited with the existing promoters and Shareholders of Badshah, Dabur has acquired 51 percent equity shareholding of Badshah from its shareholders," it informed the stock exchanges.

"The said transaction has been completed on January 2, 2023", the company further noted.

Consequent to the above transaction, Badshah Masala has become a subsidiary of Dabur "with effect from today", the regulatory filing added.