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  Business   Companies  09 Aug 2017  Dabur Tunisie to be liquidated, operations to end soon

Dabur Tunisie to be liquidated, operations to end soon

PTI
Published : Aug 9, 2017, 6:26 pm IST
Updated : Aug 9, 2017, 6:26 pm IST

Dabur Tunisie is a step-down subsidiary of FMCG giant Dabur.

Representational Image.
 Representational Image.

New Delhi: FMCG player Dabur India's step-down subsidiary Dabur Tunisie is being wound down and the liquidation is in process, the company said on Wednesday.

Dabur Tunisie, however, did not disclose the reason. "Our step-down wholly-owned subsidiary Dabur Tunisie is being dissolved and the liquidation is in process," Dabur India said in a BSE filing. 

In 2016-17, Dabur Tunisie had a turnover of Rs 9.32 crore, 0.12 per cent of the consolidated turnover of Dabur India. Its net worth was Rs 1.02 crore as on March 31, 0.02 per cent of the consolidated net worth of Dabur India. 

The Dabur India stock closed 1.41 per cent down at Rs 310.35 on the BSE.

Tags: dabur
Location: India, Maharashtra, Mumbai (Bombay)