Dabur Acquires Management Control Of UAE-Based Excel Investments
Homegrown fast moving consumer goods company Dabur India Ltd. on Thursday said it has acquired the management control of Sharjah, United Arab Emirates-based Excel Investments and made it the firm’s wholly-owned subsidiary.
“Acquisition of FZE will help the group in holding and consolidating the investments in step-down subsidiaries operating in the West Asia Region,” according to the company.
It also added that FZE “had acquired 99.99 percent shareholding stake of Dabur Pakistan and Asian Consumer Care Pakistan (Private) Ltd.”.
Both Dabur Pakistan and Asian Consumer Care Pakistan are step down subsidiaries of Dabur India.