FMCG maker Emami Ltd may seek complete ownership of Helios Lifestyle, which owns men’s grooming brand The Man Company, said two industry executives. Emami currently holds a 50.4% stake in Helios. A potential deal...
HUL to sell water biz to AO Smith India for Rs 601 crore
Hindustan Unilever Limited said it has signed an agreement to sell its Pureit water business AO Smith, for an enterprise value of Rs601 crore. Launched two decades ago, the water purification brand is part of...
General Mills explores sale of $2 billion-plus yogurt business in North America, sources say
General Mills, the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more than $2 billion...
TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company
Private equity group Carlyle is in formal discussions with TPG Growth to sell at least 25-30% stake in VLCC Healthcare Ltd, within a year of acquiring the wellness, beauty products and services company, said people...
Not keen to dilute any more of remaining 25.51% stake in ITC: BAT CEO
Fresh from the divestment of 3.5% holding in ITC Ltd, the conglomerate’s largest shareholder BAT Plc chief executive Tadeu Marroco said it does not want to dilute any more of its remaining 25.51% stake in ITC since BAT...
Govt not planning to sell SUUTI stake in ITC, says DIPAM Secy
The government has no immediate intentions to divest its share in ITC, held through SUUTI, despite British American Tobacco (BAT) reduced its stake through a block deal in the Kolkata-based FMCG company, according to...
ITC share price falls over 2% as BAT looks to sell a ‘small part’ of its stake as soon as this week
ITC share price fell over 2% in early trade on Monday after reports that British American Tobacco Plc was looking to sale of part of its stake in the Indian partner as soon as this week. ITC shares fell as much as 2.46%...
Prataap Snacks issues clarification: Yellow Diamond parent ‘not in negotiations’ with ITC for 47% stake sale
Prataap Snacks on Thursday rejected media reports that ITC is planning to buy a 47% stake in the company. The Yellow Diamond parent firm issued a clarification in which it said that it is not in any negotiations with...
ITC may munch on Peak XV’s 47% stake in Prataap Snacks; PE funds tapped too
ITC is evaluating the purchase of a 47% stake held by Peak XV Partners (formerly Sequoia Capital) in listed Prataap Snacks, said people with knowledge of the matter. This follows the failure of talks with Haldiram’s...
Tata Consumer signs pacts to buy Capital Foods, Organic India
Tata Consumer Products Ltd (TCPL) announced on Friday that it has signed definitive agreements to fully acquire Capital Foods, owner of Ching’s Secret and Smith & Jones, and Organic India, the Fabindia-backed...
Tata Consumer set to acquire Capital Foods, Organic India
Tata Consumer Products Ltd (TCPL) is all set to announce two marquee transactions – the acquisitions of Capital Foods Pvt Ltd, the maker of condiments, food products, and ingredients under the Ching’s Secret and...
Tata Coffee, Tata Consumer Products merger to be effective from January 1
The scheme of arrangement between Tata Coffee Ltd (TCL), Tata Consumer Products Ltd (TCPL) and its wholly owned subsidiary TCPL Beverages and Foods Ltd (TBFL) will be effective from January 1, 2024. The scheme involves...
