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Dabur adds to hair care folio with Sesa buy
Mint Mumbai
|October 31, 2024
Dabur India Ltd will acquire a 51% stake in hair care company Sesa Care Pvt. Ltd for an enterprise value of ₹315-325 crore.
Dabur will pay ₹12.6 crore to True North, a private equity fund and the hair care company's existing owner, to acquire 51% of the total paid up cumulative redeemable preference shares (CRPS) of Sesa. The FMCG major will also assume Sesa's debt of ₹289 crore, which will be backed by a corporate guarantee of Dabur. Also, Dabur's shares will be issued in exchange for the shares and the remaining 49% CRPS of Se
This story is from the October 31, 2024 edition of Mint Mumbai.
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