Dabur India arm acquires management control of Excel Investments in UAE

Dabur India's international arm has acquired management control of Excel Investments in the United Arab Emirates (UAE).

Dabur India's international arm has acquired management control of Excel Investments in the United Arab Emirates (UAE). "We wish to inform you that our wholly-owned subsidiary Dabur International Ltd has acquired management control of a new company namely Excel Investments in Sharjah, UAE," it said in regulatory filings after market closing hours on Thursday.

"Accordingly, Excel Investments has become a step-down wholly-owned subsidiary company of Dabur India with effect from August 20." The acquisition will help the group in holding and consolidating investments in step-down subsidiaries operating in the west Asia region, it said.

Excel Investments had acquired 99.99 per cent shareholding of Dabur Pakistan Pvt Ltd and Asian Consumer Care Pakistan Pvt Ltd -- both being step-down subsidiaries of Dabur India Ltd -- from Dabur International Ltd. (ANI)