Genesis Indian Investment picks up Rs 318 crore stake in Dabur India

Genesis Indian Investment Company bought stake worth Rs 318 crore in FMCG major Dabur India through an open market transaction
Genesis India invests in Dabur India

Today, Genesis Indian Investment Company bought stake worth Rs 318 crore in FMCG major Dabur India through an open market transaction. As per bulk deals data on BSE, the investment firm bought around 1.27 crore shares, or 0.72 % stake in Dabur, for Rs 317.77 crore. The shares were bought at an average price of Rs 250.55.
Meanwhile, a similar number of Dabur's shares were offloaded at an equal consideration by US' Central State Pension Fund. Dabur India Ltd is one of India's leading FMCG companies operating from last 125 years.
Some of the FMCG portfolio of the company includes Dabur as the umbrella brand for natural healthcare products, Hajmola for digestives, Vatika for hair care, Fem for skin care and Real for fruit-based beverages. In order to target health conscious customers, the company had recently launched a sugar-free version of its popular ayurvedic product chyawanprash.

Publish Date
Not Sponsored
Live: People Reading Now
RECOMMENDED FOR YOU
TRENDING ARTICLE