E-cigarette maker Juul Labs Inc is in early talks with three tobacco giants for a potential sale, strategic investment, licensing or distribution deal, the Wall Street Journal reported, citing people familiar with the...
ITC to acquire Yoga Bar to expand presence in fast growing healthy foods space
ITC Ltd announced it is going to acquire 100% in the makers of the health-conscious brand Yoga Bar, Sproutlife Foods Pvt Ltd, in an all-cash deal over the next 3-4 years. The conglomerate will pay Rs 255 crore for 47.5%...
HCCB revives plans to sell Coca-Cola’s bottling business
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, has revived plans of selling its business as a robust post-pandemic recovery boosts valuation again, executives directly aware of the development said...
Hindustan Unilever completes purchase of 51 pc stake in Zywie Ventures
FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a 51 per cent stake in Zywie Ventures for a consideration of Rs 264.28 crore. Now, Zywie Ventures, a wellness company, has become a...
Dabur acquires 51% majority stake in Badshah Masala
Dabur India has completed the acquisition of 51% stake in Badshah Masala paving the way for FMCG major to enter the branded spices and seasoning market. Badshah Masala is engaged in the business of manufacturing...
Tata Consumer Products Ltd acquires 23 per cent additional stake in South Africa-based Joekels
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...
