Dabur India to incorporate UK-based step-down subsidiary
Dabur India Limited announced its plan to incorporate a new step-down wholly-owned subsidiary in the United Kingdom through its existing subsidiary, Dabur International FZE. The new entity aims to facilitate the sales and distribution of FMCG products in the UK market, where Dabur India currently lacks a legal presence. The company will subscribe to the new entity's share capital, investing GBP 10,000 for 100 shares valued at GBP 100 each at par value. This development falls under related party transactions, since the new entity will be related to Dabur India upon incorporation. Dabur anticipates completing the incorporation process by May 15, 2025. The announcement aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Dabur India publishes news
Free account required • Unsubscribe anytime