King The masala lottery has been started. Country’s leading FMCG company Dabur India has decided to buy 51 percent stake in the company. This information was given in a joint statement issued by both the companies. According to the information given, Dabur India will buy a 51 percent stake in Badshah Masala for Rs 587.52 crore, a company that makes household items.
Dabur India has signed definitive agreements to acquire 51 per cent stake in Badshah Masala Pvt Ltd. Badshah Masala manufactures, markets and exports ground spices, mixed spices and other food products. Dabur India told the stock exchange that the acquisition is in line with the company’s strategic intention to foray into new categories of the food segment. That is, Dabur India is preparing to expand its business.
Badshah Masala valued at Rs 1,152 crore
According to the information given by Dabur, the valuation of Badshah Masala was Rs 1,152 crore. Dabur said that the remaining 49 per cent equity stake will be acquired after five years. With this acquisition, Dabur India intends to grow its food business to Rs 500 crore in three years, the company said in a statement.