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Dabur exits non-core confectionery business - Views on News from Equitymaster
 
 
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  • Jun 10, 1999

    Dabur exits non-core confectionery business

    In a move to divest out of non-core businesses, Dabur has sold off its entire 49% stake in the confectionery JV General de Confiteria (India) Ltd (GCIL) to Agrolimen of Spain for Rs 352 m.

    Earlier in March this year, Dabur had sold off its stake in Excelsia foods to Nestle SA, reducing its holding to about 40%. Dabur has entered into a JV with Agrolimen in 1993 for manufacturing and marketing of bubble gum and other confectioneries. The company commenced operations in 1995 and some of its brands include Boomer, Bonkers and Donald.

     

     

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