According to an official disclosure posted on the Dhaka Stock Exchange (DSE) website on Thursday, the publicly traded company is going to set up operations in the Special Economic Zone under the Bangladesh Economic Zones Authority (BEZA). The company produces coconut oil, hair care, skincare, and baby care products. The multinational company’s flagship brand Parachute is a market leader in the country with a 80% market share in the hair oil industry in Bangladesh. The company is also a dominant player in the value added hair oils (VAHO) segment with brands such as Parachute Advanced, Parachute Advanced Beli Phool, Parachute Advanced Extra Care, Parachute Advanced Aloe Vera, Nihar Naturals, Shanti Badam Amla, and Nihar Naturals Joba Amla. The company approved a total 950% cash dividend for the year that ended on March 31, 2020.

Source: Dhaka Tribune October 08, 2020 15:22 UTC