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Dabur India had earlier acquired 72.15% of Fem for INR2.04 billion in an all-cash deal. After obtaining the regulatory approvals, Dabur acquired an additional 20% stake for INR0.54 billion through an open offer.
With the completion of this transaction, Fem Care Pharma is now a subsidiary of Dabur India.
Sunil Duggal, CEO of Dabur India, said: "With this acquisition, Dabur has consolidated its position as a leading Indian consumer goods company with presence across key categories like skin care, hair care, oral care, health care and foods. The completion of this acquisition represents a significant step for Dabur in our strategy to accelerate growth in our core FMCG business."
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