Dabur India gains on acquiring 51% stake in Badshah Masala
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Dabur India is currently trading at Rs. 562.90, up by 1.15 points or 0.20% from its previous closing of Rs. 561.75 on the BSE.
The scrip opened at Rs. 563.60 and has touched a high and low of Rs. 568.35 and Rs. 562.30 respectively. So far 14787 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 610.40 on 07-Dec-2022 and a 52 week low of Rs. 482.20 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 576.75 and Rs. 558.15 respectively. The current market cap of the company is Rs. 99865.45 crore.
The promoters holding in the company stood at 67.24%, while Institutions and Non-Institutions held 26.87% and 5.90% respectively.
Dabur India has acquired 51% equity shareholding of Badshah Masala (Badshah) on January 02, 2023. Consequent to the above transaction, Badshah Masala has become a subsidiary of Dabur India with effective from January 02, 2023. Earlier, the company had executed Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) with the existing promoters and shareholders of Badshah.
Dabur India is one of the largest FMCG Company in India.
