Dabur India Limited — Others, 30-10-2024: Giving guarantees/indemnity/ becoming a surety for third party

Dabur India Limited has announced plans to merge with Sesa Care Private Limited, securing 51% of Sesa's cumulative redeemable preference shares for Rs. 12.6 crore. This merger aims to enhance Dabur's portfolio in the growing Ayurvedic hair oil market, creating substantial revenue and cost synergies. The transaction, subject to regulatory approval, is expected to complete within 15-18 months. Sesa Care’s operations will subsequently be integrated, including its subsidiary in Bangladesh.