Dabur India on Friday said the National Company Law Tribunal (NCLT) has approved the merger of ayurvedic hair care brand Sesa Care with the FMCG company, clearing a key step towards integrating the business.
Dabur had acquired a 51% stake in Sesa Care from private equity fund True North for Rs 12.59 crore at face value as part of the deal announced in October 2024. The transaction valued Sesa Care's enterprise value at an estimated Rs 315-325 crore, including Rs 299 crore of debt secured by Dabur's corporate guarantee.
