Dabur, one of India’s leading homegrown FMCGs, has decided to rename Discria Trading (PTY) Ltd. to Dabur South Africa. The company recently acquired the South African based subsidiary and now has decided to give it a new makeover by changing its name to Dabur South Africa.
Dabur completed the acquisition deal on 14 July, 2016 through Dabur international, a wholly-owned subsidiary of Dabur. Discria excels in manufacturing and trading of cosmetic products across the country. The exact figures of the acquisition were not yet revealed by Dabur. As per Dabur’s filling at BSE, the name of the company's said step down wholly owned subsidiary has been changed to Dabur South Africa (PTY) Ltd.
It has been acquired to do the business of manufacturing and trading of cosmetics products in South Africa, company stated further.