The board of directors of Dabur India, which met today, approved a proposal to invest Rs 10 crore in Dabur Foods, a wholly-owned subsidiary, to enable it to acquire a fruit juice manufacturing unit near Jaipur. This was announced in a release issued by Dabur India to the BSE today."Subsequent to the approval of the shareholders by way of postal ballot, the board has authorised officials to implement the acquisition decision and complete the purchase of shares of three Balsara group entities - Balsara Hygiene Products, Balsara Home Products and Besta Cosmetics," the release said.The board also approved a proposal to invest an additional Rs 27.66 crore in Balsara Home Products to retire high cost borrowings."The board also took note of the acquisition of 17.5% stake by Dabur International in Dabur Nepal (DNPL) by way of purchase from the local partners of DNPL. Since Dabur International is a wholly-owned subsidiary, the effective stake of the company in DNPL has now gone up to 97.5%," the release said.The company has acquired Honitus - an ayurveda-based cough syrup - from Dabur Pharma, the release added.
