Dabur acquires management control of Excel Investments for West Asia business

By

Isabelle Crossley

Published
Aug 26, 2019

The fast moving consumer goods brand Dabur has acquired the management control of Excel Investments (FZE) as a wholly-owned subsidiary of the business to help it consolidate its West Asia investments.

Dabur India announced in a regulatory filing on August 22 that its wholly-owned subsidiary Dabur International Limited has acquired the management control of the Sharjah, UAE-based Excel Investments, the Press Trust of India reported. Excel Investments is now a wholly-owned subsidiary of Dabur International Limited.

"Acquisition of FZE will help the group in holding and consolidating the investments in step-down subsidiaries operating in the West Asia Region," said the company in a statement, as reported by the Press Trust of India. According to Dabur’s statement, FZE acquired a 99.99% shareholding stake of Dabur Pakistan and Asian Consumer Care Pakistan (Private) Ltd. Dabur Pakistan and Asian Consumer Care Pakistan are subsidiaries of Dabur India.

Dabur is also currently concentrating on focusing on a group of eight of its brands to invest in including Vatika shampoo and Amal hair oil. As well as aiming to expand into more rural markets, the business also aims to expand into the skincare and baby care markets. In India, Dabur aims to reach 55,000 villages by March 2020, up from 48,000 at present.