Balsara merger with Dabur India complete

New Delhi, Sept 13: The High Courts of Delhi and Mumbai today approved the merger of the three Balsara companies with Dabur India Limited.

With the completion of this merger, Dabur India expects to become the number three player in the oral care business.

The three Balsara group entities namely Balsara Hygiene Products Ltd, Balsara Home Products Ltd and Besta Cosmetics Ltd will be merged with Dabur India on the filing of the High Court order with the registrar of companies.

The order is expected at the end of this month mark and will the completion of the formal process of merging the legal entities of companies with Dabur India.

Post the acquisition last year, operations of Balsara had been integrated with Dabur India ltd, which ensured a smooth turnaround of these companies in the very first year of the merger.

Dabur India post acquisition turned around Balsara (with the companies) registering a turnover of Rs 167 crore and the net profit of Rs 14 crore from a turnover of Rs 120 crore and net loss of Rs 36 crore in 2004-05.

Balsara Group manufactures and markets its products in India and aborad. The group is managed, with manufacturing, sales, distribution and administrative facilities located throughout India, in addition to its international operations.

UNI