Dabur India has wrapped up the previously announced INR 587.52 crores worth acquisition of a majority stake in Indian spice company Badshah Masala Private Limited.
As per the deal announced in October 2022, Dabur India has taken a stake of 51% in Badshah Masala, thereby entering into the more than INR 25,000 crores branded spices and seasoning market in India.
Following the closing of the transaction, the spices manufacturer has become a subsidiary of Dabur India. With a valuation of INR 1,152 crores, Badshah Masala is engaged in manufacturing, marketing, and exporting ground spices, seasonings, and blended spices.
Dabur India has plans to acquire the remaining 49% stake in Badshah Masala after five years or so.
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