CURRENT AFFAIRS

Detailed explanation-1: -In October 2022, Dabur India announced that it has signed definitive transaction agreements to acquire 51 per cent shareholding of Badshah Masala in a deal worth Rs 587.52 crore. Badshah Masala is a manufacturing, marketing and export firm of ground spices, blended spices and seasonings.

Detailed explanation-2: -Dabur India has completed the acquisition of 51% stake in Badshah Masala paving the way for FMCG major to enter the branded spices and seasoning market. Badshah Masala is engaged in the business of manufacturing, marketing and export of ground spices, blended spices and seasonings.

Detailed explanation-3: -Dabur India to acquire 51 percent stake in Badshah Masala in a Rs 587.52 crore deal. Dabur India marks its entry into the fast-growing spices and seasoning category.

Detailed explanation-4: -FMCG giant Dabur acquired a 51% majority stake in Badshah Masala.

Detailed explanation-5: -After this deal, Dabur joins the league of other FMCG makers such as Emami, Tata Consumer Products Ltd and ITC, which are already present in the spices market.