Dabur promoters sell one percent stake through block deal

By

Maverick Martins

Published
Dec 21, 2022

The promoters of fast-moving-consumer-goods major Dabur India, the Burman family have sold one percent share in the company through open market to invest in some new ventures.

The promoters who own around 67 percent stake in Dabur India sold the shares through two holding companies Gyan Enterprises and Chowdry Associates.

“Burman family, who are part of the majority shareholders of Dabur India Ltd, have sold approximately 1 percent shares through a block deal,” Dabur India said in a regulatory filing to the Bombay Stock Exchange.

“The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family,” it added.

Dabur India had reported a consolidated net profit to Rs 491 crore ($59.9 million) while its revenue stood at Rs 2,986 crore during the July-September quarter.

Dabur retails a wide range of personal care brands including Vatika, Fem, Babool, Odonil, and Dabur among others. With a pan-India presence, the brand is positioned in the value to mid-segment of the market.