Dabur subsidiary divests stake in UAE-based group firm
New Delhi: FMCG major Dabur India on Friday said its subsidiary Dabur International Ltd has divested its entire stake in UAE-based group firm Weikfield International.
The company's wholly owned subsidiary Dabur International Ltd has sold its entire stake in Weikfield International (UAE), a subsidiary company on June 25,2012, Dabur India said in a filing to the NSE.
"Accordingly, Weikfield International (UAE) Ltd has ceased to be company's step down subsidiary company with effect from June 25, 2012," it added.
Weikfield is into import,export, warehousing and distribution of cosmetics and food products.
Shares of Dabur India on Friday closed at Rs 114.05 on the BSE, up 0.44 percent from its previous close.