LT Foods said that it has acquired 17.5% stake in its subsidiary, Nature Bio-Foods (NBFL) from India Agri Business Fund II for total consideration of Rs 110 crore. NBFL is a public company. Its main object inter-alia is...
Varun Beverages shares jump nearly 2% on acquiring 40% stake in Lunarmech
Shares of PepsiCo’s bottling partner Varun Beverages jumped 1.7% to their intraday high of Rs 657 on the BSE after the company announced that it has completed the acquisition of a 39.93% stake in Lunarmech. This makes...
UK competition watchdog clears Carlsberg’s $4.23 bln acquisition of Britvic
Britain’s competition regulator cleared Carlsberg’s deal with soft drinks maker Britvic on Tuesday, saying it would not refer the $4.23 billion transaction for an in-depth probe. Carlsberg struck a deal to...
Lite Bite Foods in talks to sell minor stake to strategic investors
Lite Bite Foods, which runs restaurant chains Punjab Grill, Street Foods, YouMee and Asia 7, has initiated talks with private equity firms and strategic investors to sell a minority stake in the company, executives with...
CCI okays KKR’s proposal to acquire stake in Rebel Foods
The Competition Commission of India (CCI) on Monday approved global investment firm KKR’s proposal to acquire a stake in home-grown food-tech company Rebel Foods. US-based KKR (Kohlberg Kravis Roberts & Co)...
Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm
Coca-Cola Company will offload 40% in its wholly-owned Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), to Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion). The deal underscores a shift in the India...
Three suitors place binding bids for Haldiram after Alpha Wave Global looks to bite into $1.5 bn plus stak
Alpha Wave Global, an offshoot of Tiger Global Management, has made a binding offer to buy a sliver of Haldiram Snacks Food, India’s largest snack and convenience foods company, for more than a billion dollars, said...
Cadbury-owner Mondelez exploring Hershey acquisition, Bloomberg News reports
Cadbury-parent Mondelez International is exploring the acquisition of chocolate maker Hershey, Bloomberg News reported on Monday, citing people familiar with the matter, in what would create one of the world’s...
Slim Jim maker Conagra exploring sale of Chef Boyardee, sources say
Conagra Brands, the maker of Slim Jim beef jerky and Healthy Choice frozen meals, is looking to sell its popular canned pasta brand Chef Boyardee, according to people familiar with the matter. The Chicago, Illinois...
Adani Wilmar said to defer stake sale amid US bribery charges
Adani Enterprises Ltd. and Wilmar International Ltd. are said to delay a proposed sale of at least 12% in their Indian food venture after a US bribery indictment against the billionaire founder Gautam Adani, according...
Blackstone eyes 20% stake in Haldiram’s snacks at $8 billion valuation, sources say
Blackstone has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking...
Samara Capital-backed Agro Tech Foods to acquire Del Monte Foods from Bharti Enterprises
Private equity firm Samara Capital and Convergent Finance backed Agro Tech Foods Limited (ATFL), on Thursday announced it is set to acquire Del Monte Foods Private Limited (DMFPL), a joint venture between the Bharti...
