Nestle, Unilever and Coca-Cola are among bidders for GlaxoSmithKline’s Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said. Initial bids were due on...
Coke may buy Complan because of ability to deal with tax issues
Two decades after it bought Parle’s beverage brands, including Thums Up, and returned to India, Coca-Cola is poised for its second big acquisition here. The world’s largest beverage company has emerged as the...
Godrej Consumer sells its UK unit
Godrej Consumer Products has sold its UK unit to JZ International, a pan-European private investment business based in London. The divestment of Godrej Consumer Products UK is part of the company’s strategy to...
Colgate-Palmolive buys 14% stake in Bombay Shaving Company
Colgate-PalmoliveNSE 0.70 % Asia Pacific, a subsidiary of the global consumer behemoth, made its debut in the Indian consumer brand space with an investment in men’s grooming firm Bombay Shaving Company. The primary...
Kellogg, Reckitt Benckiser join queue for a glass of Horlicks
Breakfast cereal maker Kellogg and UK healthcare giant Reckitt Benckiser Plc are the latest entrants in the race to acquire the consumer nutrition business of GlaxoSmithKlineNSE 4.65 %, joining Nestle, Unilever...
Emami drops out of race for Horlicks, Complan, Glucon-D
EmamiNSE -1.94 % has dropped out from the race to acquire GSK’s Horlicks and Kraft Heinz’s Complan and Glucon-D after reviewing its strategy and decided to defer its entry into the food space at present, director Harsha...
Wipro, ITC, Cadila take lead in race to acquire Complan
ITC Ltd, Wipro Consumer Care & Lighting Ltd and Cadila Healthcare Ltd are readying to submit binding offers to buy Kraft Heinz India’s popular nutritional drink brand, Complan, two people directly aware of the...
HUL to acquire Karnataka based ice-cream brand Adityaa
Hindustan Unilever has agreed to buy Karnataka based ice-cream brand Adityaa from Vijaykant Dairy and Food Products Limited (VDFPL) for an undisclosed amount, seeking a larger slice of the market that is gradually...
Bajaj Hindusthan to sell 17.51% stake in group’s power firm LPGCL
Bajaj Hindusthan Sugar plans to sell its entire 17.51 per cent stake in the group firm Lalitpur Power Generation Company Ltd (LPGCL), estimated to be worth Rs 11 billion. The company had invested Rs 7.7 billion in LPGCL...
PE Funds, companies in race to acquire Kraft Heinz India’s consumer food unit
Bulge-bracket private equity funds such as Blackstone and Carlyle are said to be competing with domestic and international strategic buyers such as Abbott, Emami, WiproNSE 0.25 % Consumer Care, Zydus Wellness and ITC to...
Godrej Consumer sells diaper brand Snuggy
Godrej Consumer Products has sold its diaper brand Snuggy to Nobel Hygiene for an undisclosed amount, exiting the baby care segment that it entered nearly 15 year ago. In 2003, GCPL had acquired the brand from Shogun...
Kraft Heinz considering sale of Complan brand in India – Bloomberg
Kraft Heinz Co is considering a sale of children’s energy drink brand Complan in India, which could fetch about $1 billion, Bloomberg reported on Monday, citing people familiar with the matter. Kraft Heinz is working...
