Reacting to this, Dabur India's stock tumbled 8.98 percent to Rs 196.40 on the BSE.
On the NSE, it slumped 8.94 percent to Rs 196.55.
However, later the stock recovered some of the lost ground but was still trading 3.71 percent lower at Rs 207.80 on the BSE at 1300 hours.

According to the latest shareholding pattern of Dabur, Pradip Burman, who is part of the promoter group, holds 0.02 percent stake in the company.

Pradip Burman currently holds no position in the homegrowm FMCG major although he was once a Whole Time Director of Dabur India.

With Pradip Burman being named as an account holder in a foreign bank in the black money issue, Dabur India promoter
family, Burmans on Monday said the account complied with all legal requirements.

"We wish to state that this account was opened when he (Pradip) was an NRI, and was legally allowed to open this
account," a Dabur spokesperson said in a statement.
"The Burman family is committed to the highest standards of corporate governance, and encourage ethical behaviour at
all levels," the spokesperson added.

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