Reliance Industries Ltd is in talks to acquire brands such as Garden Namkeens from CavinKare, besides other brands such as Lahori Zeera and Bindu Beverages in a bid to strengthen its fast-moving consumer goods (FMCG)...
SBI starts insolvency proceedings against Bajaj Hindusthan Sugar
Country’s largest lender SBI has initiated insolvency proceedings in the National Company Law Tribunal (NCLT) against Bajaj Hindusthan Sugar, the company said in a regulatory filing on Tuesday. The petition has...
Nestle announces acquisition of Purina pet care, launch of global nutrition brand Gerber
Packaged foods company Nestle India announced the acquisition of pet food maker Purina Petcare for Rs 123.5 crore, and the launch of its global child nutrition brand Gerber on Thursday. The company, which also announced...
Emami acquires 30% stake in pet-care startup Cannis Lupus Services
FMCG firm Emami Ltd has acquired a 30% stake in a pet-care start-up, Cannis Lupus Services India, in an all-cash deal for an undisclosed amount. In a release, Emami said the company will roll out a range of natural...
Kellogg to split into three companies; corporate HQ moves to Chicago
Kellogg, the maker of Frosted Flakes, Rice Krispies and Eggo, said it was splitting itself into three separate companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns and MorningStar...
ITC acquires 10% stake in Blupin Technologies
Diversified entity ITC said it has acquired a 10.07 per cent stake in Blupin Technologies Pvt Ltd, the company behind the direct-to-consumer (D2C) brand, Mylo. The FMCG major in April had announced the acquisition of a...
Marico to acquire 54% in health food brand True Elements
Marico Limited has announced a strategic investment in HW Wellness Solutions, owner of health food brand True Elements, with an acquisition of 54% equity stake through primary infusion and secondary buyouts. The maker...
Tata in acquisition talks with as many as five consumer brands
Tata Consumer Products Ltd., the food and beverage arm of the $103 billion Indian conglomerate, wants to go on an acquisition spree to bolster its position in the country’s competitive consumer goods sector, and is in...
Philip Morris in talks to buy smaller rival Swedish Match
Philip Morris International Inc is in talks to buy rival Swedish Match AB, the companies said on Monday, as the Marlboro maker looks to expand its smoke-free options amid rising global scrutiny on the sale of...
Tata Consumer Products to get into home and personal care through acquisition led strategy
Armed with a significant war chest, Tata Consumer Products Ltd (TCPL) is drawing up ambitious growth plans by moving heft into the home and personal care space through an acquisitions-led strategy, top executives close...
Tata Coffee, Tcpl Merger In 12 To 14 Months: Official Says ‘no Roadblock Ahead’
Tata Coffee Ltd and Tata Consumer Products Ltd (TCPL) merger will be completed in 12-14 months, an official said. And further revealing that the two companies are in the early stages of filing the regulatory process, he...
Danone new CEO says has no plan to sell any of its three businesses
Danone’s new chief executive said on Tuesday the French food group has no plans to sell any of its three businesses after its shares rose last week on a report of merger interest from dairy group Lactalis. CEO...
