FMCG firm Tata Consumer Products Ltd (TCPL) said it has acquired 23.3 per cent additional shares of South Africa-based Joekels Tea Packers for Rs 43.65 crore through a step-down subsidiary. Tata Consumer Products...
Marico to buy Vietnam-based personal care firm Beauty X Corporation for Rs 172 crore
Marico Limited said it has entered into a definitive agreement to acquire Vietnam-based personal care firm Beauty X Corporation for Rs172 crore. Beauty X owns female personal care brands Purité de Prôvence and Ôliv...
Gopal Snacks founder buys out brother in co
Bipin Hadvani, founder of Gujarat’s Gopal Snacks Pvt. Ltd, has raised debt from a JM Financial entity to buy out his younger brother Praful’s 30% stake in the company, two people familiar with the transaction said...
Britannia enters JV with Bel SA; to sell 49% stake in Britannia Dairy
Biscuits and dairy products maker Britannia Industries has entered into a joint venture agreement with Bel SA of France and Britannia Dairy Private Limited (BDPL) to develop, manufacture and sell cheese products in...
Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote
Shareholders of Tata Consumer, Tata Coffee and TCPL Beverages approved the scheme of arrangement between the three companies, the voting for which was held on November 12. In March, Tata Consumer’s board had approved...
Jubilant Bhartia Group picks up minority stake in Keventers
Milkshake and ice-cream brand Keventers, operated by Super Milk Products Private Limited (SMPPL), on Thursday announced an equity investment from Jubilant Bhartia Group for an undisclosed amount. Jubilant Bhartia Group...
Dabur to acquire 51% stake in Badshah Masala for Rs 588 crore
FMCG major Dabur India announced that it will be acquiring a 51% stake in Badshah Masala Private Limited for Rs 587.52 crore. With this, Dabur has entered into branded spices and seasoning market in India, worth over Rs...
ITC Ltd raises stake in Mother Sparsh
ITC LTd. has increased its stake in baby and mother care brand Mother Sparsh to 22% for an estimated ₹13.50 crore, according to a regulatory filing by the company. “This has reference to our letters dated 26th November...
Parle in talks to buy Polish biscuit maker Dr Gerard: Report
Indian biscuit maker Parle Products is in discussions to consider buying Poland-based peer Dr Gerard from private equity firm Bridgepoint, newspaper Economic Times reported, citing people aware of the matter. Dr Gerard...
Britannia acquires controlling stake in Kenya-based Kenafric Biscuits
Leading bakery foods company Britannia Industries has acquired a controlling stake in Kenya-based Kenafric Biscuits, a move which will help the company set up a manufacturing base and expand sales in the African markets...
Britannia acquires 51% of equity share capital in Kenya’s Kenafric Biscuits
Britannia Industries on 3 October said that it has acquired a controlling stake in Kenya’s Kenafric Biscuits Ltd and took full control over Catalyst Britannia Brands Ltd. Britannia and Associates (Dubai) Pvt Co...
Nestle to invest ₹5,000 crore in India, explore acquisitions
Nestle SA, the world’s largest food company, will spend ₹5,000 crore to build factories and research centres in India till 2025 as the growing middle class in Asia’s third-largest economy steps up spending on food and...
