Dabur International Limited and Dabur (UK) Limited agreed to acquire remaining 24% stake in Asian Consumer Care Pvt Ltd. from Advanced Chemical Industries Limited (DSE:ACI) for BDT 600 million on July 13, 2022. Under the terms, Dabur International will acquire 8,479,187 equity shares and Dabur (UK) will acquire 1,000 equity shares in Asian Consumer Care. Post acquisition, Dabur International will hold 99.997% and Dabur (UK) will hold 0,003% shares in Asian Consumer Care.

The consideration will be paid in cash. In the Fiscal Year 2021-22, Asian Consumer Care had a turnover of BDT 1.6 billion. The deal is subject to approval from Registrar of Joint Stock Companies in Bangladesh for share transfer.

The deal is expected to close on December 31, 2022.