NEW DELHI: Diversified group ITCBSE -1.69 % will set up an integrated consumer goods facility and a five-star hotel in Odisha at an investment of Rs 800 crore. The integrated consumer goods manufacturing facility is...
Reynolds American rejects BAT’s $47 billion takeover offer: source
U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting its $47 billion takeover offer, a source familiar with the situation told Reuters. Last month...
Dabur to acquire personal care firm in South Africa
NEW DELHI: Consumer goods maker DaburBSE 1.38 % is acquiring the personal care business of CTL group of South Africa. The estimated size of the buyout is over Rs 10 crore . In July this year, the maker of Real juices...
ITC to sell entire stake in US subsidiary for $24 million
Diversified group ITC will sell its entire stake in US-based wholly owned subsidiary ‘King Maker Marketing’ for US $24 million (about Rs 160 crore). King Maker Marketing, registered in the state of New...
Wipro consumer care acquires Chinese FMCG company Zhongshan Ma Er Daily Products
BENGALURU: WiproBSE -0.02 % consumer care and lighting’s Singapore arm has acquired a Chinese FMCG company Zhongshan Ma Er Daily Products Ltd in an all-cash deal for an undisclosed amount. This is the Bengaluru...
Mondelez to invest Rs 100 crore on RDQ hub in India
NEW DELHI: FMCG firm Mondelez International today said it will invest about USD 15 million (Rs 100 crore) to build a global research, development and quality hub in Thane, Maharashtra. “This investment is part of...
Detergent major Nirma raises Rs 4,000 crore debt to fund Lafarge deal
MUMBAI: Detergent major NirmaBSE 0.06 %, which in July had agreed to buy the cement business of the French major Lafarge India, today raised Rs 4,000 crore debt to fund the deal, making it the largest rupee bond sale...
Godrej Group looking at more acquisitions
KOLKATA: The Godrej Group is focusing on the inorganic growth route and feels it is a good time to go for more acquisitions, Chairman Adi Godrej said here. “We are putting a lot of emphasis on inorganic growth...
Unilever takes on Gillette with $1 billion Dollar Shave deal
Unilever acquired Dollar Shave Club LLC in a deal said to be worth about $1 billion, gaining a firmer foothold in the burgeoning market for male grooming products. San Francisco/London: Unilever acquired Dollar Shave...
Dabur buys cosmetics trading company ‘Discaria’ to enter South Africa
NEW DELHI: Consumer goods firm DaburBSE -0.14 % has acquired South African cosmetics manufacturing and trading firm Discaria Trading for an undisclosed amount. “The company’s wholly-owned subsidiary Dabur...
Nirma cements $1.4-bn Lafarge India buyout
Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. The valuation is...
Revlon’s Arden Deal Seen Boosting Debt Now, Cutting Costs Later
When Revlon Inc. announced that it was buying Elizabeth Arden Inc. for about $419 million last month, it said the combined company would generate enough cost savings to keep a measure of indebtedness relatively low for...
