Dharampal Satyapal Group (DS Group) confirmed the acquisition of The Good Stuff, owner of chocolate and confectionary brand LuvIt. According to media reports, with this acquisition, the DS Group aims to expand its...
NCLAT set aside insolvency proceedings against McLeod Russel
The National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against leading bulk tea producer McLeod Russel following a settlement between the promoter and IL&FS Infrastructure Debt...
Pet food manufacturer Alphia explores sale – sources
Alphia is exploring options including a sale that could value the private equity-owned pet food manufacturer at over $1 billion, according to people familiar with the matter. Alphia, which is owned by J.H. Whitney &...
French group Avril in talks to buy Axereal animal feed business
French oilseed and protein group Avril said it was in exclusive talks with grain cooperative Axereal to buy all of its animal nutrition activities, which it then plans to combine with its animal feed unit Sanders. It...
Pluckk acquires Indian food-tech startup KOOK to enter DIY meal Kit market
Pluckk, a digital fresh food brand in the Fruits and Vegetables (F&V) space, has acquired the entire stake in KOOK for $1.3 million to be paid in cash and equity. Kook is an Indian food-tech startup that specializes...
Reliance Consumer ties up with Ceylon Beverage to co-pack and manufacture Campa cans
Reliance Consumer Products (RCPL) has entered into a strategic partnership with Ceylon Beverage International, one of the largest beverage can and filling companies in Sri Lanka promoted by former cricketer Muthiah...
Wipro Consumer Care set to buy foods brand Brahmins
Wipro Consumer Care and Lighting agreed to acquire Kerala-based packaged foods company Brahmins Foods on Thursday, building on its purchase of the Nirapara brand from the same region last year. Bengaluru-based Wipro...
McLeod Russel, IL&FS insolvency settlement likely in two weeks: Report
Tea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached within the next two weeks. The Brij Mohan Khaitan group company...
Tilaknagar Industries to buy 10% in Samsara Gin maker
Alcoholic beverages maker, Tilaknagar Industries Limited (TI) said it has agreed to buy 10% stake in Spaceman Spirits Lab (SSLPL) for Rs9.75 crore. The investment, in two tranches, will be through a combination of...
No plans to sell Bisleri: Ramesh Chauhan after Tata calls off negotiations
Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products...
Bill Gates buys Heineken stake, despite saying he’s ‘not a big beer drinker’
Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV, although the billionaire founder of Microsoft has previously said he was “not a big beer drinker.” The filing by the...
Supreme Court stays NCLAT’s order on United Breweries, including CCI’s recovery proceedings
The Supreme Court stayed an NCLAT order affirming penalty of Rs 751.83 crore on Heineken’s subsidiary, United Breweries Limited, in the alleged beer cartel case. The apex court, however, directed the company to deposit...
