Dabur Nepal Pvt Ltd receives approval from IBN for additional investment

Dabur Nepal Private Limited, a subsidiary company of Dabur India Limited in Nepal, has been granted approval by the Investment Board of Nepal [IBN) for an additional investment of Nepalese Rupees 969 crore (approximately Indian Rupees 608 crore) which will enable Dabur Nepal Private Limited to expand and grow its business byway of capacity expansion, product diversification, upgradation of plant facility etc., over next 4 to 5 years.

Shares of Dabur India Limited was last trading in BSE at Rs. 537.90 as compared to the previous close of Rs. 536.65. The total number of shares traded during the day was 45453 in over 2208 trades.

The stock hit an intraday high of Rs. 541.35 and intraday low of 536.20. The net turnover during the day was Rs. 24473977.00.

Source : Equity Bulls

Keywords

DaburIndia INE016A01026 DaburNepal InvestmentBoard Approval