Deals struck by Indian companies

Every month, we bring you a listing of the biggest deals struck by Indian companies in India and abroad. Here are the deals struck in November 2008

Deal of the Month: In an attempt to expand footprints in the high growth skincare market in India, Dabur India acquired a 72 per cent stake in Fem Care Pharma in an all-cash deal for a total deal value of Rs 203.7 crore, valuing the firm at Rs 282.4 crore. The acquisition will be funded through internal accruals and Dabur is also likely to make an open offer for another 20 per cent stake.

Impact Analysis: After successfully integrating the earlier acquisition of Balsara, this deal is a logical extension to Dabur’s overall strategy to aggressively expand its scale of operations and strengthen its presence in the FMCG segment. Fem Care’s acquisition will not only bolster Dabur’s position in India but also scale up its position in West Asia.