MoneyWorks4Me

Dabur India’s promoters buys stake in DMI Finance

11 Jan 2013 Evaluate

Dabur India’s promoters - The Burman family has picked up stake in DMI Finance, a non-banking finance company (NBFC), by marking promoter’s entry into the NBFC market and secured lending space. Established in 2009, DMI Finance was founded with the aim of participating in the growth of the debt market in India. DMI has recently bagged a license for a housing finance company and has built an equity capital base of Rs 500 crore.

Dabur India ranks amongst the top four companies in the FMCG space in terms of revenues and market capitalization. The company has business interests in Healthcare, Personal care and Food products.

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