Dabur gets NCLT approval for Sesa Care merger

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Dabur India Limited ( !DABUR ) has received NCLT approval to merge Sesa Care into its business. The transaction, first announced in October 2024, had an estimated enterprise value of ₹315–325 crore, including debt. What happened? The NCLT approved the merger on September 24, 2026. Dabur had initially acquired 51% of Sesa Care's cumulative redeemable preference shares. The merger will become effective after the remaining statutory formalities are completed. Why does it matter? Sesa Care adds a premium Ayurvedic hair-care brand to Dabur's existing portfolio. Dabur plans to use its distribution network, category expertise and international presence to expand the brand while pursuing revenue and cost synergies. My view The acquisition gives Dabur an established brand rather than requiring it to build one from scratch. However, the value of the merger will depend on how effectively Dabur expands Sesa's distribution and improves its profitability. The original deal included substantial debt, making integration costs and cash generation important measures of success. What I am watching next I would track completion of the merger, Sesa's distribution expansion, revenue growth and margin contribution. These will indicate whether the acquisition delivers measurable benefits to Dabur's hair-care business. No Recommendations Source: The Hindu Disclosure: I, my entity, associates or relatives don't have any holding, position or other material interest in Dabur India Limited.