The Directorate General of GST Intelligence (DGGI) is probing a recent deal in which Raymond sold its consumer goods business to a Godrej unit, sources aware of the matter told ET. The sources cited said the GST...
Emami acquires stake in Axiom Ayurveda, enters health juice segment
Homegrown FMCG major Emami Ltd. announced entering the health juice category, with the acquisition of a 26% stake in Axiom Ayurveda Pvt Ltd., which markets a range of beverages under the brand name AloFrut. The deal...
Tata Consumers denies report of buying 51% stake in snack food maker Haldiram’s
The Tata Group’s consumer unit, Tata Consumer Products Ltd has denied the report carried out by news agency Reuters that it is in talks to buy at least 51% of popular Indian snack food maker Haldiram’s but...
Nestle buys Brazil chocolate maker Kopenhagen -reports
Nestle has agreed to acquire Brazilian chocolate brand Kopenhagen, local media reported on Wednesday, citing people familiar with the matter. Website Brazil Journal said Nestle will pay about 3 billion reais ($602.78...
Dabur scouting for acquisition targets in D2C healthcare, personal care
Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The...
Marico to acquire majority stake in nutrition brand Plix for ₹369 cr
Packaged consumer goods company Marico Ltd has signed a definitive agreement to acquire a majority stake in Satiya Nutraceuticals Private Ltd that owns plant-based nutrition brand Plix for ₹369 crore. “In line with our...
Bunge finalizing $30 billion-plus merger with Viterra – sources
U.S. grains merchant Bunge Ltd is putting the final touches on a deal to merge with Glencore Plc -backed peer Viterra and create an agricultural trading giant worth more than $30 billion, including debt, people familiar...
Kingsway Capital in talks with Big Tobacco over AIR stake sale
Britain’s Kingsway Capital has started meetings with big tobacco firms as the private equity firm prepares to sell its stake in Dubai-based tobacco business Advanced Inhalation Rituals (AIR), two sources familiar...
DS Group acquires chocolate brand LuvIt, to expand confectionary business
Dharampal Satyapal Group (DS Group) confirmed the acquisition of The Good Stuff, owner of chocolate and confectionary brand LuvIt. According to media reports, with this acquisition, the DS Group aims to expand its...
Grain trader Viterra in talks to merge with rival Bunge – source
Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, a person familiar with the matter said, in a potential mega deal that would reshape the top tier of global grains merchants. There is no...
NCLAT set aside insolvency proceedings against McLeod Russel
The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against leading bulk tea producer McLeod Russel following a settlement between the promoter and IL&FS Infrastructure Debt...
French group Avril in talks to buy Axereal animal feed business
French oilseed and protein group Avril said it was in exclusive talks with grain cooperative Axereal to buy all of its animal nutrition activities, which it then plans to combine with its animal feed unit Sanders. It...
