TT&A advised Dabur India Limited (“Dabur”) in its proposed 100% acquisition of Sesa Care Private Limited (“Sesa”), along with its wholly owned foreign subsidiary, Sesa Care Bangladesh Pvt. Ltd., through a merger, for an enterprise value estimated to be in the range of INR 315 – 325 crore. This new acquisition will help Dabur to expand in the Rs 900 crore ayurvedic hair oil market, the company said in a regulatory filing.

As a part of the transaction, Dabur will also acquire 51% of the total paid up cumulative redeemable preference shares (CRPS) of Sesa from its existing shareholder, True North (a private equity fund), for INR 12.59 Crore at face value.

TT&A Team: Gautam Saha – Joint Managing Partner; Swati Chauhan – Partner; Garvita Mehrotra – Managing Associate and Tanya Maithani – Senior Associate

Diligence Team: Gautam Saha – Joint Managing Partner; Swati Chauhan – Partner; Utsav Agarwal – Managing Associate; Tanya Maithani – Senior Associate and Sajjan Singh – Associate