FMCG player Dabur India's step- down subsidiary Dabur Tunisie is being wound down and the liquidation is in process, the company said.
It, however, did not disclose the reason.
"Our step-down wholly-owned subsidiary Dabur Tunisie is being dissolved and the liquidation is in process," Dabur India said in a BSE filing.
In 2016-17, Dabur Tunisie had a turnover of Rs 9.32 crore, 0.12 per cent of the consolidated turnover of Dabur India. Its net worth was Rs 1.02 crore as on March 31, 0.02 per cent of the consolidated net worth of Dabur India.
Meanwhile, shares of the company were trading at Rs 309.75 apiece, down 0.19 per cent from the previous close at 12:50 hours on BSE.