Dabur to seal personal care buy in US soon

Dabur is in advanced negotiations with the US company, and is likely to close the deal shortly. The deal size is in the region of Rs 500 crore. The acquisition, when it fructifies, will be the second one for Dabur this financial year after the buyout of Turkish firm, Hobi Kozmetik, in July. Hobi was acquired for Rs 324 crore by Dabur’s overseas subsidiary.

The company, for the record, had sought an approval from its board in July this year to raise up to Rs 2,000 crore to fund acquisitions. As of March 2010, its cash & bank balances were Rs 192.31 crore, while its secured loans were Rs 70 crore, and unsecured loans were Rs 109 crore. Its debt-equity ratio for the period was 0.19.crackcrack