The Board of Directors of Dabur India Ltd today approved
increasing the investment limit for Foreign Institutional Investors (FIIs) from
24% to 30% of the total paid up capital of the company.
“Currently, FIIs hold around 21% shares of the company, which is
likely to exceed 24% very shortly. With increased participation by FIIs in the
Indian capital market, we have decided to increase the FII investment limit to
30% for investment in company's capital under the Portfolio Investment Scheme
(PIS). The Board of Directors, through a postal ballot, today approved the
proposal,” Dabur India Ltd Group Director Mr. P D Narang said.
Dabur India Ltd would now be seeking its shareholders' approval
for the FII limit hike through a Postal Ballot in accordance with Section 192A
of the Companies Act, 1956.
Established in 1884, Dabur India Limited is amongst the leading
FMCG Companies in India with Revenues in excess of Rs 6,170 Crore. Building on
a legacy of quality and experience of over 129 years, Dabur is today India’s most
trusted name and the world’s largest Ayurvedic and Natural Health Care Company.
Dabur's FMCG portfolio today includes five flagship brands with distinct brand
identities -- Dabur as the master brand for natural healthcare
products, Vatika for premium personal care,Hajmola for
digestives, Réal for fruit juices and beverages and Fem for
fairness bleaches and skin care products.
Dabur today operates in key consumer products categories like
Hair Care, Oral Care, Health Care, Skin Care, Home Care and Foods. The company
has a wide distribution network, covering over 5.8 million retail outlets with
a high penetration in both urban and rural markets.
Dabur's products also have a huge presence in the overseas
markets and are today available in over 60 countries across the globe. Its
brands are highly popular in the Middle East, Africa, SAARC countries, the US,
Europe and Russia. Dabur's overseas revenues account for over 30% of the total
turnover.
For
further information, Contact:
Byas
Anand
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