Dabur India sets up new subsidiary in Sri Lanka

Thursday, 11 August 2011 00:16 - - {{hitsCtrl.values.hits}}

NEW DELHI: FMCG firm Dabur India today said it has formed a new entity, Dabur Lanka Pvt Ltd, as part of a strategy to strengthen its presence in Sri Lanka.

In a filing to the Bombay Stock Exchange (BSE), Dabur said Dabur Lanka has been incorporated under its wholly-owned subsidiary, Dabur International, which manages the company’s overseas operations.

“Accordingly, Dabur Lanka Pvt Ltd has become company’s step-down subsidiary company,” Dabur India said.

As part of its plans for the island nation, Dabur is in the process of setting up a manufacturing facility which is expected to start production by the end of this fiscal.