Dabur India closes acquisition of 51% stake in Badshah Masala
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.
Dabur India acquires 51% stake in Badshah Masala. Photo courtesy of Dabur.com.
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.