Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 06 2018

Dabur Acquires Two personal care products firms in South Africa

Last year the company had claimed the acquisition of the two personal care products companies in South Africa for a total cash consideration of about Rs 25 crore.

FMCG major Dabur India has confirmed to have confirmed the acquisition of two South Africa-based companies D&A Cosmetics Proprietary Ltd and Atlanta Body & Health Products Proprietary Ltd, through its subsidiary.

Last year the company had claimed the acquisition of the two personal care products companies in South Africa for a total cash consideration of 50 million rands (about Rs 25 crore).

In a stock exchange filing, Dabur India said its wholly-owned subsidiary Dermoviva Skin Essentials Inc has acquired 100 per cent share capital of the companies. Both the companies have become step down wholly owned subsidiary companies of Dabur India Ltd.

In 2016, Dabur had acquired a South Africa-based Discaria Trading (PTY) Ltd.

In April last year, the company had announced the completion of the acquisition of personal, hair care and creams businesses of South Africa based-CTL group of companies valued at USD 1.5 million (Rs 10 crore).

As per the last year's announcement, while D&A Cosmetics is acquired at a cost of 4,79,40,000 Rands (around Rs 24 crore), Atlanta Body and Health Products' acquisition cost was 20,60,000 Rands (over Rs 1 crore).

Shares of Dabur India were trading 2.01 per cent up at Rs 343.35 on BSE.

Comment
Related opportunities
  • Gyms and Fitness Centres
    About Us: As an introduction, Plus Fittness is an award winning,..
    Locations looking for expansion Maharashtra
    Establishment year 1996
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: English Pillars Edu Comp is a registered ISO certified..
    Locations looking for expansion Punjab
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amritsar Punjab
  • Women's clothing
    About: Indian Wedding Dresses on Rent are available at Popin Designer..
    Locations looking for expansion Maharashtra
    Establishment year 1987
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: NICT Computer Education is a reputed, recognized, ISO Certified..
    Locations looking for expansion Karnataka
    Establishment year 1993
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities