Talwar Thakore & Associates (TT&A) provided legal guidance to Dabur India Limited in its planned full acquisition of Sesa Care Private Limited (“Sesa”) and its wholly owned subsidiary, Sesa Care Bangladesh Pvt. Ltd., via merger.
The transaction is valued between INR 315 – 325 crore and is set to strengthen Dabur’s presence in the INR 900 crore ayurvedic hair oil market, as noted in a regulatory announcement.
Additionally, Dabur will acquire 51% of Sesa’s cumulative redeemable preference shares (CRPS) from its current shareholder, True North (a private equity firm), for INR 12.59 crore at face value.
The TT&A team included Joint Managing Partner Gautam Saha, Partner Swati Chauhan, Managing Associates Garvita Mehrotra and Utsav Agarwal, Senior Associate Tanya Maithani, and Associate Sajjan Singh Chouhan.
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