Dabur India close to stake-buy in Singapore firm

Dabur India close to stake-buy in Singapore firm
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First Published: Fri, Mar 23 2007. 01 01 PM IST
Updated: Fri, Mar 23 2007. 01 01 PM IST
By Reuters
MUMBAI: Dabur India Ltd. is close to buying more than 60 % of Singapore’s consumer goods maker Unza Holdings for Rs6-6.75 billion, Indian newspapers reported.
Actis, Standard Chartered’s private equity fund and the current management own 30 % each, The Economic Times said.
Dabur officials could not be immediately reached for comment.
Dabur’s Group Director PD Narang declined comment, the paper said.
The acquisition will give Dabur an entry into detergents, fragrance, and toileteries, the paper said. Dabur now makes juices, cooking pastes and personal and home care products.
Unza’s brands include MaxKleen detergents, Eversoft and Enchanteur, the paper said.
Indian consumer goods makers such as Marico Ltd. and Godrej Consumer Products Ltd. have recently made overseas acquisitions looking to expand their brands and growth.
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First Published: Fri, Mar 23 2007. 01 01 PM IST
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