Tata Consumer Products’ (TCPL) proposed acquisition of Danone India has hit a roadblock with negotiations stalling after it failed to align with TCPL’s strategic expectations, derailing a deal that was...
General Atlantic enters a definitive pact to acquire stake in Balaji Wafers
Investment firm General Atlantic said on Thursday that it has entered a “definitive agreement” to acquire a stake in Balaji Wafers, an Indian snack maker. The deal value was not disclosed but according to a source...
Mitra to merge with Tierra Agrotech in Rs 787-crore deal, eyes IPO by 2026
Delhi-based FMCG start-up Mitra has announced a merger with Tierra Agrotech in a deal valued at Rs 787crore transaction, said the company in a statement. The company also plans to list on the Bombay Stock Exchange (BSE)...
Reliance Consumer acquires majority stake in Udhaiyams Agro Foods
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...
