Further to the announcement of acquisition of 72.15 per cent stake of Fem Care Pharma, personal care product manufacturer Dabur India will complete the process by March 2009, said a company official.
Late last month, Dabur India entered into the share purchase agreement with the existing promoters of Fem Care Pharma for acquisition of 25,46,596 equity shares of Rs 10 each of Fem representing 72.15 per cent of the fully diluted paid up equity share capital of Fem (including 5,21,300 equity shares which are to be issued pursuant to the scheme of merger with Mirasu Marketing, a subsidiary of Fem) at a price of Rs 800 per equity share.
—IndiaRetailing Bureau
