Dabur India Ltd signs BTA to acquire Pantnagar Plant from Northern Aromatics Ltd

Dabur India Ltd had announced on November 21, 2013 regarding execution of Agreement to sell for purchase of the Business Undertaking situated at Plot no. 16, Sector - 2, IIE, Pantnagar, Uttarakhand, on a going concern basis from M/s. Northern Aromatics Limited (Dabur's existing vendor) on a slump sale basis at a consideration of Rs. 15 (fifteen) crores.

A Business Transfer Agreement has been executed on January 07, 2014 for transfer of the above said Business Undertaking to Dabur India Ltd. The effective date of transfer will be end of the day on January 14, 2014 (close of business).

Shares of Dabur India Ltd was last trading in BSE at Rs.174, up by Rs.0.95 or 0.55%. The stock hit an intraday high of Rs.174.85 and intraday low of Rs.172.

The total traded quantity was 0.87 lakh shares as compared to 2 week average of 1.02 lakh shares.

Source : Equity Bulls

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