|
|
Article: South Africa : Dabur India eyes acquisitions in Africa.
- Article from:
- TendersInfo
- Article date:
- August 17, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: pinto03
Dabur India is looking at acquisitions, especially in sub-Saharan Africa, this fiscal and is ready to spend up to Rs 1,000 crore on that, with some borrowings.
Its hard to put a date and number on it... I won t rule out doing an acquisition this fiscal, Dabur India CEO Sunil Duggal said.
I don t think there is anything to be announced in 2009... We do have capabilities to acquire companies, may be up to Rs 1,000 crore, with some borrowings. But the target has to be right and a good fit, Duggal told CNBC TV18.
Sunil Duggal We are looking for opportunities in Africa but nothing active is there. We have a strong footprint ...