Dabur buys entire stake in Asian Consumer Care

Industry:    2022-07-14

Packaged consumer goods maker Dabur India through its subsidiary Dabur International has acquired the entire stake in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for about ₹51 crore, it said in a stock exchange filing.

Dabur held 76% in the firm before the acquisition of the remaining 24% held by Advanced Chemical Industries through Dabur International. The company has acquired 24% for Rs 60 crore Bangladeshi taka which, according to the present exchange rate, comes to around ₹51 crore.

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