
The Consumption Dilemma
While Budget 2023 promises more disposable income, private consumption is unlikely to increase in a hurry.
While Budget 2023 promises more disposable income, private consumption is unlikely to increase in a hurry.
Post Q3 results, Sharekhan and Nirmal Bang have maintained 'buy' rating on Dabur India, while Prabhudas Lilladher has retained 'accumulate' rating on the stock.
Dabur India acquired the stake in Badshah Masala for ₹587.52 crore at a enterprise value of ₹1,152 crore.
Burman family, the promoter of Dabur India, looks to sell stake worth ₹800 crore in the personal care products company at a discount of 4% to the current market price.
The share price of Dabur India has fallen 8.5% in the past one year, while it trades nearly 12% lower than its 52-week high of ₹620 on the BSE.
Dabur India will acquire 51% stake in Badshah Masala for ₹587.52 crore, valuing the company at ₹1,152 crore.
Amit Burman will continue to be the non-executive director of the company.
The Sensex and Nifty are poised to rise on Thursday, tracking positive cues from global peers and firm trends on SGX Nifty Futures.
The Sensex and Nifty are set to open a tad lower on Thursday, tracking weak cues from global peers and subdued trends on SGX Nifty.
The board of battery maker has approved the appointment of Anand Chand Burman, the chairman of Dabur India, and Mohit Burman, the vice-chairman of Dabur, as non-executive directors.