Dabur India Limited (NSEI:DABUR) entered into a share purchase agreement to acquire 51% stake in Badshah Masala Private Ltd. for INR 5.9 billion on October 26, 2022. The consideration will be paid in cash. For the year ended March 31, 2022 Badshah Masala recorded turnover of INR 1.9 billion. The transaction is expected to be completed on or before March 31, 2023. Dabur India has an option to acquire the remaining 49% stake in Badshah Masala in the next 5 years.

Dabur India Limited (NSEI:DABUR) completed the acquisition of 51% stake in Badshah Masala Private Ltd on January 2, 2023.