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...
Unilever in advanced talks to sell Elida Beauty to Yellow Wood: Report
Unilever Plc is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the...
NCLT admits plea to initiate insolvency against Sahara Group entity Sahara Q Shop
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Sahara Q Shop Unique Products Range Ltd, the FMCG and retail arm of Sahara India Pariwar, under the Corporate Insolvency Resolution Process...
Wipro Consumer Care acquires three soap brands from VVF Ltd
Wipro Consumer Care and Lighting (WCCL) has bought three soap brands – Jo, Doy, and Bacter Shield – from VVF Limited, its third acquisition over the past year, part of its wider strategy to expand into newer...
Tata mulls sale of Voltas home appliances business – Bloomberg News
Tata Group is considering selling the home appliances business of Voltas, in which it has a nearly 30% stake, as the conglomerate expects difficulties in scaling it up in a competitive market, Bloomberg News reported on...
Adani in talks to exit JV with Wilmar
Adani Group is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Ltd, which owns the Fortune brand of edible oils and packaged grocery, said executives...
Tata Consumer to merge 3 wholly-owned subsidiaries – NourishCo, SmartFoodz and Soulfull
Tata Consumer Products Ltd said it would merge its three wholly-owned subsidiaries — NourishCo Beverages, Tata SmartFoodz and Tata Consumer Soulfull — to ensure “more effective utilisation of the...
