Home grown FMCG major Dabur has collaborated with state-owned refiner Indian Oil Corporation Ltd. (IOCL), according to an joint statement released on Wednesday.
Dabur India is happy to join hands with Indian Oil to provide their around 14 crore Indane LPG consumer households across India direct access of Dabur’s range of trusted products, the company said.
As part of the partnership, Indane LPG distributors will be Dabur India retail business partners and help sell the entire Dabur range of products directly to the crores of Indane LPG consumer households across the country.
On Wednesday, Dabur India shares closed 1.10% lower at ₹544 on NSE. Meanwhile, Indian Oil stock was marginally at ₹117.40.
Dabur India CEO Mohit Malhotra said this partnership of two of the oldest and largest Indian brands should be able to unlock significant value for both companies.
“We are excited to be the…