Tata Consumer Products Ltd., the food and beverage arm of the $103 billion Indian conglomerate, wants to go on an acquisition spree to bolster its position in the country’s competitive consumer goods sector, and is in...
Philip Morris in talks to buy smaller rival Swedish Match
Philip Morris International Inc is in talks to buy rival Swedish Match AB, the companies said on Monday, as the Marlboro maker looks to expand its smoke-free options amid rising global scrutiny on the sale of...
Tata Consumer Products to get into home and personal care through acquisition led strategy
Armed with a significant war chest, Tata Consumer Products Ltd (TCPL) is drawing up ambitious growth plans by moving heft into the home and personal care space through an acquisitions-led strategy, top executives close...
Tata Coffee, Tcpl Merger In 12 To 14 Months: Official Says ‘no Roadblock Ahead’
Tata Coffee Ltd and Tata Consumer Products Ltd (TCPL) merger will be completed in 12-14 months, an official said. And further revealing that the two companies are in the early stages of filing the regulatory process, he...
Danone new CEO says has no plan to sell any of its three businesses
Danone’s new chief executive said on Tuesday the French food group has no plans to sell any of its three businesses after its shares rose last week on a report of merger interest from dairy group Lactalis. CEO...
Baba Ramdev’s Ruchi Soya to evaluate merger of Patanjali Ayurved’s food portfolio with itself
Baba Ramdev’s Ruchi Soya Industries on Monday said it will evaluate the most efficient mode to merge Patanjali Ayurved Ltd’s food portfolio with itself and has also decided to change the name of the company...
TCPL going for consolidation, simplification; to bring down no of entities to 23
Tata group FMCG arm TCPL is consolidating its business by merging various companies and plans to reduce the number of legal entities to around 23 from the existing 45 after restructuring, said its Managing Director...
TCPL, Tata Coffee rally up to 13% after merger announcement
Shares of Tata Coffee zoomed as much as 13 per cent in early trade on Wednesday after the announcement of its merger with Tata Consumer Products (TCPL). Tata Consumer Products, the FMCG bluechip company, announced the...
Tata Consumer Products to merge Tata Coffee business with itself
Tata Consumer Products (TCPL) on Tuesday announced the merger of all businesses of Tata Coffee with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies...
Emami acquires Dermicool brand from Reckitt for Rs 432 cr
FMCG major Emami on Friday said it has acquired the ‘Dermicool’ brand from Reckitt for a total consideration of Rs 432 crore. The acquisition is funded through internal accruals and is subject to the...
MDH denies any move to sell business to HUL
Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL. Terming such reports as...
HUL in discussion to buy MDH
Hindustan Unilever Ltd is in talks with Mahashian Di Hatti Pvt. Ltd (MDH) to buy a majority stake in the maker of MDH Spices, two people familiar with the development said. MDH could be valued between ₹10,000 crore and...
