Genesis Indian Investment buys Rs 318-crore stake in Dabur
The company had recently launched a sugar-free version of its popular ayurvedic product chyawanprash to tap health conscious customers.
Genesis Indian Investment Company on Tuesday bought stake worth Rs 318 crore in FMCG major Dabur India through an open market transaction.
According to the bulk deals data on BSE, the investment firm bought about 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.
The company's FMCG portfolio includes Dabur as the master brand for natural healthcare products, Vatika for hair care, Hajmola for digestives, R al for fruit-based beverages and Fem for skin care. The company had recently launched a sugar-free version of its popular ayurvedic product chyawanprash to tap health conscious customers.