The Competition Commission of India (CCI) has approved Hindustan Unilever Limited’s (HUL) acquisition of Uprising Science Private Limited, the parent company of the beauty and personal care brand Minimalist. HUL had...
Temasek acquires 10% stake in Haldiram’s snacks business for $1 billion
Singapore’s sovereign investment firm Temasek has secured a deal to acquire nearly a 10 per cent stake in the snacks division of India’s Haldiram’s for approximately $1 billion, according to a report by Reuters on...
Bajaj Consumer Care Portfolio Strengthens with the Acquisition of Vishal Personal Care, a Leading Hair and Skin Care Producer with Brand Name Banjara’s
Bajaj Consumer Care Limited, a leader in India’s consumer care space, has announced the acquisition of company Vishal Personal Care that owned Banjara’s, a well-established and trusted hair and skin care...
ITC in talks to acquire MTR , Eastern for $1.4 billion
ITC Ltd is in early discussions with Norway’s Orkla ASA to acquire its Indian businesses MTR Foods Pvt. Ltd and Eastern Condiments Pvt. Ltd for about $1.4 billion, two people aware of the talks said, as the...
Agro Tech completes acquisition of Del Monte
Agro Tech Foods Limited (ATFL) has completed its acquisition of Del Monte Foods Pvt Ltd (DMFPL), it said in a stock exchange filing Thursday. ATFL and DMFPL had a combined turnover of Rs 1,300 crore in FY24, about 40%...
ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foods
Diversified conglomerate ITC Ltd has signed definitive agreements to acquire a 100 per cent stake in Prasuma, a leading brand in the frozen, chilled, and ready-to-cook foods segment, for greater footprint in the Rs...
Hindustan Unilever seeks CCI clearance to acquire Minimalist
FMCG major Hindustan Unilever Ltd has sought clearance from the Competition Commission of India to acquire beauty and personal care brand Minimalist’s parent company Uprising Science Pvt Ltd. “The acquirer...
NCLAT dismisses insolvency proceedings plea against HUL
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal...
HUL to acquire direct-to-consumer brand Minimalist for nearly Rs 3,000 crore
Hindustan Unilever Limited (HUL) said it will acquire a 90.5% stake in direct-to-consumer beauty brand Minimalist for Rs 2,955 crore through secondary buyouts and primary infusion. The remaining 9.5% will be acquired...
Unilever Is Smart to Spin Off Ben & Jerry’s and Magnum
Unilever Plc is cutting the fat — in every sense. Chief Executive Officer Hein Schumacher plans to spin off its ice-cream business, including the Magnum and Ben & Jerry’s brands, to focus on higher growth categories...
Reliance Consumer Products set to buy SIL’s brands to spice up play; plans to compete with HUL, Cremica & & Tata
Reliance Consumer Products (RCPL) is set to acquire packaged foods brand SIL, with a portfolio of products such as cooking pastes, jams, mayonnaise, baked beans and Chinese sauces, executives with direct knowledge of...
Adani Group offloads 13.51% stake in Adani Wilmar
Shares of Adani Wilmar remained flat on Thursday, January 16, even as other Adani Group stocks witnessed gains. The muted response in Adani Wilmar’s stock came after Adani Commodities LLP, a promoter entity of the...
