Dabur India has received approval from the National Company Law Tribunal for its merger with Sesa Care, the company said on Friday, September 25. The tribunal’s sanction moves the transaction closer to integration, although Dabur said statutory filings and other formalities still need to be completed before the scheme takes effect.
The process began in October 2024, when Dabur acquired a majority stake in the Ayurvedic hair-care brand. Dabur’s board approved a full merger scheme in May 2025. The proposal later received approvals from the company’s equity shareholders and unsecured creditors at meetings convened under NCLT directions on May 2, 2026, followed by approvals from relevant regulatory authorities.
Dabur said Sesa Care would complement its existing hair-care portfolio and provide opportunities to expand the brand. Global CEO Mohit Malhotra pointed to the company’s distribution network, category expertise and access to international markets as resources that could support Sesa Care’s reach. He also said the company would seek revenue and cost synergies from combining the businesses.
The NCLT decision is a legal milestone, but the announcement does not describe immediate operational changes, financial targets or a timetable for integrating the two businesses. The company’s stated rationale is to add to its hair-care portfolio and use its existing capabilities to develop the acquired brand.
Under India’s Companies Act process described in the announcement, a merger scheme requires approvals from company boards and relevant stakeholders and authorities before the tribunal’s sanction gives it legal effect. Dabur said the remaining filings and formalities are still required. The transaction should therefore be treated as approved by the NCLT but not yet fully completed.