Private equity firm Everstone Group-owned FMCG business Modern Food Enterprises Pvt. Ltd is eyeing consolidation opportunities in the bread and bakery industry as the covid-19 pandemic has disrupted smaller regional...
Dabur’s Pradip Burman sells off nutraceutical firm Sanat Products to Willmar Schwabe
Pradip Burman, chairman of The Mobius Foundation and senior member of the industrialist group Dabur, has divested nutraceutical firm Sanat Products to the India subsidiary of German company Dr Willmar Schwabe GmbH for...
ITC partners with Amway India to sell new immunity beverage
ITC Ltd has partnered with direct selling company Amway India for distributing its new immunity beverage to stay relevant and to compete with rivals Dabur, Coca Cola and PepsiCo in the breakfast market this summer...
ITC’s biggest acquisition is a Kolkata-based spices maker. What analysts say
Shares of ITC climbed over 4 per cent in Tuesday’s trade, as analysts believe its decision to acquire spices manufacturer Sunrise Foods Private is a strategic fit, and signals the company’s intent to make...
ITC acquires Sunrise Foods to strengthen spice business
ITC Limited is going to acquire Kolkata-based packaged spice firm Sunrise Foods which it said will help to scale up the FMCG business. The size of the deal was not revealed. The share purchase agreement was finalized on...
How GSK-HUL deal has ended up being a win-win for shareholders
When it comes to mergers and acquisitions using share swaps, there can always be a slip between the cup and the lip. For instance, a deal can be struck assuming the acquirer’s shares will trade at a certain value. But...
GSK selling $3.45 bln stake in Hindustan Unilever: Source
GlaxoSmithKline is selling $3.45 billion worth of shares in Unilever’s Indian business on the open market, one of the bookrunners organising the transaction told Reuters. The 5.7% stake in Hindustan UnileverNSE -1...
Government aims to raise Rs 22,000 crore from ITC, Axis stake sale
The government is seeking to raise around to Rs 22,000 crore by selling its entire stake in FMCG–hospitality–cigarette major ITC and Axis Bank, one of the leading private sector lenders. “Given the current timeline, the...
GSK preparing to start Rs 28,000 crore stake sale in HUL
After the finalisation of merger between GlaxoSmithKline (GSK) Consumer Healthcare and Hindustan Unilever, GSK Plc is preparing to start selling its stake in the FMCG giant. ET Now, quoting agencies, said GSK PLc is...
ITC expects collaborations with unlikely partners to open new distribution channels
FMCG major ITC expects its new collaborations with unlikely partners, including Domino’s, Swiggy and Zomato in the wake of coronavirus pandemic and subsequent lockdown opening new distribution channels, to become...
ITC ties up with Jubilant FoodWorks to deliver food items via Domino’s app
In a first-of-its-kind partnership between a quick service restaurant and a fast-moving consumer goods company, Jubilant FoodWorks, the master franchisee of the Domino’s brand in India, is partnering with ITC to deliver...
HUL acquires Horlicks from GSK for Rs 3,045 crore
Hindustan Unilever Limited (HUL), the country’s biggest consumer goods firm, said it has acquired Horlicks brand from GSK Plc for Rs 3045 crore for the Indian market, exercising its option from the original...
