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Dabur India by way of its subsidiaries has acquired the complete stake in Bangladesh-based Asian Client Care from its three way partnership companion Superior Chemical Industries for about Rs 51 crore. Dabur held 76 per cent stake within the agency earlier than acquisition by way of its subsidiary Dabur Worldwide, whereas the remaining 24 per cent was held by Superior Chemical Industries, the corporate mentioned in a regulatory submitting.
”We want to inform you that Dabur Worldwide and Dabur (UK) Restricted, each wholly-owned subsidiaries of Dabur India Restricted, have determined to buy 84,79,187 fairness shares and 1,000 fairness shares, respectively, of Asian Client Care Non-public Restricted (subsidiary firm of Dabur India restricted) from JV companion Superior Chemical Industries Restricted as per the JVA termination and share buy settlement to be executed,” the submitting mentioned.
The corporate has acquired 24 per cent stake for 60 crore Bangladeshi taka which, based on current change charge, involves round Rs 51 crore.
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