Dabur India has received approval from the National Company Law Tribunal (NCLT), New Delhi Bench, for the amalgamation of Sesa Care Private Limited with the company. The order, passed at a hearing on September 24, clears a key regulatory hurdle for the merger and moves the deal closer to completion.
The merger will bring Sesa Care, an Ayurvedic haircare brand, fully into Dabur India. The company said the combination will strengthen its existing haircare portfolio and give Sesa Care access to a wider distribution network, category expertise and international markets.
The deal was first announced in October 2024, when Dabur acquired 51% of Sesa Care’s paid-up cumulative redeemable preference shares from private equity investor True North. Dabur paid ₹12.59 crore for the stake at face value as part of the transaction.
Dabur subsequently moved towards a full amalgamation of Sesa Care. Its board approved the merger scheme in May 2025, setting the stage for the regulatory process that has now reached the NCLT approval stage.
Sesa Care has built a presence in the Ayurvedic hair oil segment and was described by Dabur during the original transaction as the third-largest brand in India’s Ayurvedic hair oil market. The segment was estimated at around ₹900 crore at the time of the acquisition announcement.
The merger is aimed at combining Sesa Care’s brand positioning with Dabur’s established FMCG infrastructure. Dabur operates a large distribution network across India and has an established presence in international markets, giving the Sesa brand an opportunity to expand beyond its existing footprint.
Dabur Global CEO Mohit Malhotra said the company sees potential in bringing the two businesses together and building Sesa Care into a larger brand. The company also expects the integration to create revenue and cost synergies.
Abhinav Dhall, executive director and group head of corporate strategy at Dabur India, said the Sesa Care integration fits the company’s broader strategy of strengthening its portfolio and pursuing new growth opportunities. Dabur plans to use its distribution network, category expertise and international reach to expand Sesa Care.
The transaction has already cleared several stages of the regulatory process. Dabur’s equity shareholders and unsecured creditors approved the scheme at meetings held on May 2, 2026, following directions from the NCLT. The proposal subsequently received approvals from the relevant regulatory authorities.
The NCLT’s approval does not mean the merger becomes effective immediately. Dabur said the amalgamation will take effect after the completion of the required statutory filings and other conditions specified under the scheme. The appointed date for the scheme is April 1, 2026.
The transaction also represents a shift from Dabur’s initial majority investment to complete integration. Instead of operating Sesa Care as a separate business, the approved amalgamation will bring the company under Dabur India’s corporate structure.
The move comes as India’s FMCG companies increasingly look to strengthen their portfolios through premium, specialised and health-focused categories. Ayurvedic personal care remains an important segment for Dabur, whose existing portfolio includes established haircare and wellness brands.
Sesa Care gives Dabur an additional premium Ayurvedic haircare proposition while allowing the company to use its existing manufacturing, distribution and marketing capabilities. The integration could also help the brand gain wider retail and modern trade access, along with greater reach in overseas markets.
The merger is therefore not simply a change in corporate ownership. It is intended to combine Sesa Care’s brand equity with Dabur’s scale and distribution capabilities. The next step will be completion of the remaining statutory filings and formalities before the amalgamation becomes effective.
The NCLT approval marks an important step in Dabur India’s plan to fully integrate Sesa Care into its business. The merger brings an established Ayurvedic haircare brand under Dabur’s larger FMCG platform, giving it access to wider distribution, marketing capabilities and international markets.
The company will now complete the remaining statutory filings and other formalities before the amalgamation takes effect. With the integration, Dabur expects to strengthen its presence in the Ayurvedic haircare segment while creating opportunities to expand Sesa Care’s reach and build the brand further in India and overseas markets.
With the NCLT approval now in place, Dabur can move towards operational integration and begin working on the wider expansion of Sesa Care under its FMCG platform.