The Board of Directors of Dabur India Limited approved the scheme of amalgamation of Sesa Care Private Limited with Dabur India Limited.
The amalgamation is subject to approvals from BSE Limited, National Stock Exchange of India Limited, SEBI, NCLT, and shareholders and creditors of both companies.
As per audited financial statements as on March 31, 2025:
Sesa Care Private Limited's total assets were ₹272.46 crore, net worth was ₹-77.47 crore, and turnover was ₹90.29 crore (standalone) and ₹282.33 crore, ₹-71.56 crore and ₹109.33 crore (consolidated) respectively.
Dabur India Limited's total assets were ₹11,005.47 crore, net worth was ₹7,396.37 crore, and turnover was ₹9,070.71 crore (standalone) and ₹16,232.28 crore, ₹10,688.83 crore and ₹12,563.09 crore (consolidated) respectively.
Sesa Care is engaged in manufacturing and selling ayurvedic personal care and wellness products.
Dabur is a leading FMCG player in consumer care and food products.
Rationale for the amalgamation:
Strategic opportunity for Dabur to bring a premium ayurvedic brand to its portfolio.
Enhance growth potential in the hair oil segment.
Synergies in financial, managerial, technical, distribution, and marketing resources.
Greater efficiency in cash and debt management.
Optimisation of costs and streamlining of operations.
Share exchange ratio:
10 equity shares of Dabur for every 1,46,779 Class A equity shares of Sesa Care.
10 equity shares of Dabur for every 2,44,860 Class B equity shares of Sesa Care.
10 equity shares of Dabur for every 433 0.001% cumulative redeemable preference shares of Sesa Care.
Finvox Analytics provided the Valuation Report and Sundae Capital Advisors Private Limited issued a fairness opinion on the share exchange ratios.