Dabur India receives court approval for Sesa Care merger
The NCLT’s approval represents an important step in the transaction, which was first announced in October 2024.
INDIA – Dabur India Limited has announced that the New Delhi Bench of the National Company Law Tribunal (NCLT), at a hearing held on 24 September 2026, approved the Scheme of Amalgamation involving Sesa Care Private Limited and Dabur India.
The decision allows Dabur India to move forward with integrating Sesa Care into its business, subject to the completion of the required statutory filings, regulatory procedures, and other formalities.
Through the merger, Dabur India will add a premium Ayurvedic brand to its portfolio, complementing its existing haircare products and strengthening its position in the category.
Dabur India Limited Global Chief Executive Officer Mr. Mohit Malhotra said, “The NCLT approval is an important milestone in our journey with Sesa Care. Sesa Care is a premium brand with strong Ayurvedic credentials and complements our existing hair care portfolio well.”
“We see significant potential in bringing the two businesses together and building Sesa Care into a stronger and larger brand.”
As part of the transaction announced in October 2024, Dabur India initially acquired 51% of Sesa Care’s paid-up Cumulative Redeemable Preference Shares from the company’s existing shareholder, True North.
Before the latest NCLT decision, the Scheme of Amalgamation had received the required approval from Dabur India’s equity shareholders and unsecured creditors at meetings held on 2 May 2026 under directions issued by the tribunal.
The scheme also secured approvals from the relevant regulatory authorities.
The merger will take effect once the required statutory filings have been completed and all other conditions specified in the Scheme of Amalgamation have been satisfied.
Sesa Care is a prominent player in the Ayurvedic haircare sector and has built strong brand recognition and consumer trust.
It combines the principles of Ayurveda, a 5,000-year-old wellness tradition, with modern, high-quality manufacturing methods to produce authentic, affordable, and transparent Ayurvedic haircare products for consumers worldwide.
As one of the pioneers of India’s anti-hairfall category, Sesa has built strong brand recognition, an extensive distribution network across India, and a significant market share.
Its products are also exported to more than 20 countries across Asia, Africa, and Europe.
The Sesa brand was launched in 1995 by Ban Labs Private Limited, a family-owned company, beginning with a specially formulated Ayurvedic hair oil.
Over the years, Ban Labs expanded the brand’s portfolio by introducing several products under the Sesa name and established a strong presence across India over a period of 25 years.
In 2018, True North, a leading private-equity firm focused on transforming profitable mid-sized businesses into industry leaders, acquired the Sesa brand. True North has a combined investment corpus of approximately USD 3 billion.
Following the acquisition, Sesa Care Private Limited was established on 1 October 2018. Within its first two years, the company evolved from a traditionally managed family business into a modern, professionally operated, innovation-driven organisation with ambitious growth plans.
Sesa Care aims to become India’s fastest-growing, most profitable, and most resilient mid-sized fast-moving consumer goods company within five years.
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