Reliance Consumer Products (RCPL), the FMCG arm of Reliance Industries, has acquired a majority stake in Chennai-based Udhaiyams Agro Foods, maker of staples, pulses, snacks and breakfast mixes, for an undisclosed...
Reliance in talks for a bite of Udhaiyams, set to take on Tata, iD Fresh, MTR
Reliance’s consumer products arm is in advanced talks to acquire a majority stake in Udhaiyams Agro Foods, a ₹668-crore staples, snacks and ready-to-cook breakfast mixes maker, people privy to the development said...
Modi Naturals plans up to ₹100 crore FMCG acquisitions after NSE listing
New Delhi-based fast-moving consumer goods company Modi Naturals is looking to acquire companies in the ready-to-eat or healthy snacks space, going up to Rs 100 crore, which will align with its brand strategy, joint...
L’Oreal to increase stake in skin care firm Galderma to 20%
L’Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming market for injectable cosmetics like lip...
Godrej Consumer acquires Muuchstac in Rs 450-crore deal; promoters to continue to run business
FMCG major Godrej Consumer Products Ltd (GCPL) has completed the acquisition of Muuchstac in a Rs 450-crore deal and its promoters would continue to be in the driving seat, running the business. GCPL Managing Director...
Wilmar International gets CCI nod to acquire 20 pc stake in AWL Agri Business
Fair trade regulator CCI on Tuesday cleared Wilmar International’s proposal to acquire up to 20 per cent stake in AWL Agri Business Ltd from Adani Group. The move came after Adani Group in July this year announced...
Dubai hookah maker AIR to go public in US via $1.75 billion SPAC deal
Dubai’s AIR, the owner of hookah brand Al Fakher, said on Friday it had agreed to go public in the U.S. through a merger with blank-check firm Cantor Equity Partners III, in a deal valuing the combined company at...
Unilever expects to complete Magnum ice cream spin-off by December 6
Consumer goods group Unilever said on Tuesday it expects to complete the spin-off of its Magnum Ice Cream unit, after a delay because of the U.S. government shutdown, by December 6. The delay underscores the disruptions...
Mars set to win unconditional EU nod for $36 billion Kellanova deal, sources say
Candy and snacks giant Mars’ $36 billion bid to acquire Pringles maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the...
Biotique looks to offload 10% stake via IPO next year
Beauty and personal care products maker Biotique plans to dilute 10% equity as part of its public listing planned for next year, for which it intends to raise $300 million, the company’s founder Vinita Jain said...
Balaji Wafers may rethink stake sale plan as PE funds cite steep valuation
Ethnic packaged snacks Balaji Wafers’ minority stake sale is likely to have been put on the back burner, due to tepid responses from private equity funds and strategic investors, on account of the steep valuation...
Marico to acquire remaining 46% stake in True Elements
Home-grown FMCG products maker Marico has announced the acquisition of the remaining 46.02% shares of HW Wellness Solutions, which owns the True Elements brand. This will be done for a consideration of “up to Rs...
