Dabur acquires 72% stake in Fem Care Pharma Ltd

Dabur India the FMCG major of the country on Friday has acquired majority stake in Fem Care Pharma Ltd (FCPL), a Mumbai based company. FCPL is a leading player in the women's skin care products market. Dabur India paid Rs 203.7 crore in an all-cash deal in order to acquire 72.15 per cent stake in the FCPL, according to media reports.

The company said it had acquired 72.15 per cent stake in FCPL and would make an open offer for an additional 20 per cent shares as required under the takeover regulations. The products by the Fem Care includes fairness bleach, hair remover and liquid soap under the Fem brand. The Fem products are well known in India.