new delhi european health care group fresenius kabi which acquired 733 stake in dabur pharma on april 19 announced an open offer on monday to purchase an additional 20 holding in the domestic company the german company has bought the stake through its singapore subsidiary for rs 8782 crore while the open offer if fully subscribed would cost around rs 240 crore at a price of rs 7650 per equity share with this the burman family promoters of the company have sold their entire 65 stake and exit the pharmaceutical business fresenius kabi has also entered into an agreement with a third party to secure the participation of 24 of dabur pharma share capital in the public offer the european firm said the acquisition would be entirely debt financed from funds that have already been tied up fresenius also plans to invest nearly 60 million towards marketing expenses every year and a majority of this would be spent on expanding dabur pharmas oncology business globally and particularly european countries last year the company had sold its nononcology business to alembic the foreign company has no plans to delist dabur pharma after its acquisition it will continue to be traded rainer baule president and ceo of fresenius kabi told reporters here on mondayfresenius kabi a business segment of fresenius se a euro 114 billion german multinational with business interests across the global healthcare space provides patients in many european countries with an outpatient nutrition therapy service the foreign company said the acquisition will broaden its offering of patientspecific oncology therapies and help it expand its drug portfolio dabur pharma operates two production facilities in india and one in britain it also has a research and development centre near new delhicommenting on the proposed transaction dr anand c burman founder of dabur pharma said we are happy to have created significant shareholder value through this business in a short span of time the global pharma market is very attractive from an india perspective given the strong rd skills available in this country