Kolkata-based Sunrise Foods Pvt. Ltd, which sells Indian spices, has received interest from global private equity firms, including Carlyle Group and TA Associates, as well as Norwegian supplier of branded consumer goods...
Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for ₹4,350 crore
Yoga guru Baba Ramdev’s Patanjali Ayurved on Wednesday made its first big acquisition when it paid ₹4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition...
NCLAT grants one more week to Patanjali Ayurved to complete Rs 4,350-crore Ruchi Soya deal
The National Company Law Appellate Tribunal (NCLAT) on Tuesday granted another extension, of one week, to Baba Ramdev-led Patanjali Ayurved for completion of Rs 4,350-crore resolution plan to acquire debt-ridden edible...
Nestle sells U.S. ice cream brands to joint venture Froneri in $4 billion deal
Nestle SA has agreed to sell its U.S. ice cream business to Froneri in a deal valued at $4 billion, moving control of brands including Häagen-Dazs to a joint venture the Swiss group set up in 2016. Froneri was created...
Dabur has ‘war chest’ to buy companies, expand in rural India
Dabur India Ltd., the household goods maker controlled by the billionaire Burman family, is willing to spend part of its about $500 million cash reserve to acquire companies and revive sales that grew at the slowest...
Wipro acquires South African personal care company
Wipro Consumer Care and Lighting (WCCL), the consumer care business of software provider Wipro Ltd, has acquired South African personal care maker Canway Corporation to enter the country with 58 million consumer base...
ITC acquires minority stake in FMCG vending machine start-up
ITC Ltd is going to acquire up to 33.42% stake in homegrown start-up Delectable Technologies which is in the business of fabricating vending machines and application based sale of FMCG products through such machines...
Nestle to return $20 bn to shareholders by 2022, eyes M&A deals
Nestlé SA plans to return as much as $20 billion to shareholders by 2022 and indicated an appetite for acquisitions to help chief executive officer (CEO) Mark Schneider sustain faster growth and better profit margins...
Haldiram’s in talks to invest in milkshake brand Frozen Bottle
Indian snacks and sweets major Haldiram Snacks Pvt. Ltd is in advanced discussions to invest in Bengaluru-based Frozen Bottle, a quick service restaurant (QSR) chain that sells milkshakes and desserts, said three people...
Philip Morris and Altria in merger talks as Marlboro fades and e-cigs light up
Marlboro maker Philip Morris International Inc said on Tuesday it was in talks to reunite in a merger with Altria Group Inc following its 2008 spin-off, as the tobacco giants seek to pool resources in the fast growing e...
ITC not keen to buy Cafe Coffee Day
ITC Ltd is not going to acquire stake in the Café Coffee Day chain since it did not find a fit with its business and also not keen to take on the debt of the coffee chain on its shoulders, two senior industry executives...
British American Tobacco’s takeover of Twisp wins South Africa approval
British American Tobacco’s (BAT) proposed takeover of e-cigarette maker Twisp won approval from South Africa’s Competition Tribunal on Tuesday after the UK-based group agreed to a series of conditions. The local unit of...
