Dabur India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 11, 2007, has, subject to requisite approvals under the provisions of Companies Act, 1956 and other statutes, approved the amalgamation of Dabur Foods Ltd (wholly owned subsidiary) with the Company w.e.f. the appointed date of April 01, 2007.
Dabur India Ltd on July 11, 2007 has announced plans to merge its wholly owned subsidiary Dabur Foods Ltd (DFL) with itself. The Board of Directors of the Company on July 11, 2007 has approved the merger, which will be effective from April 01, 2007.
The merger with the Company would extract synergies and unlock operational efficiencies for Dabur Foods. The integration will also help Dabur sharpen focus on the high growth business of foods and beverages, and enter newer product categories in this space.
"Dabur Foods is an intrinsic part of Dabur India's growth strategy and has been one of the fastest growing businesses, reporting a 35% CAGR for the past five years. We believe this merger is a unique opportunity to combine the strengths of a foods company with those of a growing and profitable FMCG business to create an extraordinarily strong and rapidly growing global competitor in the Health and Wellness space," the Company's CEO Mr. Sunil Duggal said "Through this merger, we will be able to invest and expand more effectively due to our combined scale, profitability and global reach."
DFL, after the proposed merger, will become one of the business divisions of the Company alongside Consumer Care Division (CCD) and Consumer Health Division (CHD). The Company owns 100% of the outstanding shares of DFL, so no new shares will be issued as a result of the merger.
Dabur India Ltd has informed the Exchange that the unsecured creditors of DFL (Dabur Foods Limited) at their Court convened meeting held on November 03, 2007 have unanimously approved the Scheme of Amalgamation of DFL with the Company.
Dabur India Ltd has informed the Exchange that the unsecured creditors of DFL (Dabur Foods Limited) at their Court convened meeting held on November 03, 2007 have unanimously approved the Scheme of Amalgamation of DFL with the Company.
(As per NSE Bulletin dated on 07/11/2007)
Dabur India Ltd has informed BSE that the Hon'ble High Court of Delhi at New Delhi, in the hearing held on January 22, 2008, has approved the Scheme of Amalgamation of Dabur Foods Ltd with the Company.
(As per BSE Announcement Website dated on 22/01/2008)
Dabur India Ltd has informed BSE that both Dabur India Ltd (DIL) and Dabur Foods Ltd (DFL) have filed the Order dated January 22, 2008, passed by the Hon'ble High Court of Delhi ("Court"), (copy received by the Company on February 18, 2008) with the Registrar of Companies, NCT of Delhi and Haryana, Delhi ("RoC") on March 03, 2008.
Therefore, the effective date for the merger of DFL and DIL shall be March 03, 2008.
(As Per BSE Announcement Website Dated on 03/03/2008) | Powered by Capital Market - Live News |
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