New Zealand’s dairy exporter Fonterra Co-operative Group said that it was selling its dairy operations in Chile to Peruvian firm Gloria Foods in multiple transactions worth about 591.07 billion Chilean pesos ($641...
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...
Saudi Arabia’s SALIC acquires 9.2% stake in LT Foods
Saudi Agricultural and Livestock Investment Company (SALIC), a wholly-owned subsidiary of the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, has acquired 9.22 per cent stake in packaged foods and staples...
Tilaknagar Industries buys 19.5% stake in maker of ready-to-drink shots Swigger
Tilaknagar Industries Limited, an Indian-made foreign liquor (IMFL) manufacturer has invested about ₹1 crore for a 19.5% stake in Pune-based start-up, Incredible Spirits Private Limited (ISPL), makers of ready-to-drink...
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...
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...
NCLT approves Viraki Consortium’s resolution plan for Himadri Foods
The bankruptcy court has approved a resolution plan for revival of packaged Indian spices maker Himadri Foods Ltd submitted by Viraki Consortium. The consortium is led by Mumbai-based Viraki Brothers that sells products...
Bira 91 acquires The Beer Cafe in all-stock deal
Domestic premium beermaker Bira 91 has acquired India’s largest alcobev chain, The Beer Cafe, in an all-stock deal that will make the pub chain a fully-owned subsidiary of Bira 91. Investors in The Beer Cafe...
MS Dhoni picks up stake in Shaka Harry, India’s fastest-growing plant protein startup
Indian cricketer, MS Dhoni, has joined global investors in backing India’s fastest growing plant protein startup, Shaka Harry and has picked up equity in the company, said a media release issued by the company on Monday...
Process started to merge Amul with five other cooperative societies: Amit Shah
Amul will be merged with five other cooperative societies to form a multi-state cooperative society (MSCS), Cooperation Minister Amit Shah said on Sunday. Addressing the 70th plenary session of the North Eastern Council...
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...
NCLT adjourns Bajaj Hindusthan bankruptcy petition to December 7
The National Company Law Tribunal’s Allahabad bench has listed the State Bank of India petition against Bajaj Hindusthan Sugars for December 7. In an order dated September 14, the NCLT asked Bajaj Hindusthan to...
