Baba Ramdev’s Ruchi Soya Industries on Monday said it will evaluate the most efficient mode to merge Patanjali Ayurved Ltd’s food portfolio with itself and has also decided to change the name of the company...
TCPL going for consolidation, simplification; to bring down no of entities to 23
Tata group FMCG arm TCPL is consolidating its business by merging various companies and plans to reduce the number of legal entities to around 23 from the existing 45 after restructuring, said its Managing Director...
TCPL, Tata Coffee rally up to 13% after merger announcement
Shares of Tata Coffee zoomed as much as 13 per cent in early trade on Wednesday after the announcement of its merger with Tata Consumer Products (TCPL). Tata Consumer Products, the FMCG bluechip company, announced the...
Tata Consumer Products to merge Tata Coffee business with itself
Tata Consumer Products (TCPL) on Tuesday announced the merger of all businesses of Tata Coffee with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies...
Emami acquires Dermicool brand from Reckitt for Rs 432 cr
FMCG major Emami on Friday said it has acquired the ‘Dermicool’ brand from Reckitt for a total consideration of Rs 432 crore. The acquisition is funded through internal accruals and is subject to the...
MDH denies any move to sell business to HUL
Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL. Terming such reports as...
HUL in discussion to buy MDH
Hindustan Unilever Ltd is in talks with Mahashian Di Hatti Pvt. Ltd (MDH) to buy a majority stake in the maker of MDH Spices, two people familiar with the development said. MDH could be valued between ₹10,000 crore and...
Bajaj Hindusthan Board gives in-principle nod for capital restructuring
Bajaj Hindusthan Sugar, India’s largest sugar manufacturer, on Thursday received the Board’s in-principle nod for exploring options for capital restructuring, resolution plan for debt and other corporate...
What does Unilever’s restructuring plan mean for HUL?
Egged on by activist investors, FMCG major Hindustan Unilever’s parent, Unilever Plc, rolled out a restructuring plan last week to simplify its organisation with a focus on driving sales growth and cutting costs. For...
Lotus Herbals acquires 25% stake in D2C brand Conscious Chemist
Premium beauty-care products maker Lotus Herbals has acquired a 25% stake in direct to consumer (D2C) skin-care brand Conscious Chemist, its first acquisition in the rapidly growing D2C space. Lotus Herbals joint...
Open to demerger of FMCG, listing of IT businesses: ITC chairman Sanjiv Puri
ITC Ltd chairman Sanjiv Puri said the company is open to the idea of demerger of the non-cigarette fast moving consumer goods (FMCG) business and listing of the information technology (IT) businesses if it creates...
Nestle trims L’Oreal stake with $10 billion sale
Nestle SA said on Tuesday it would cut its stake in L’Oreal to about 20% by selling shares worth 8.9 billion euros ($10 billion) back to the French cosmetics brand, moving to reduce the weight of the beauty giant...
