The NCLAT has permitted withdrawal of corporate insolvency resolution process (CIRP) against Kanoria Sugar and General Manufacturing Company. A two-member bench of the National Company Law Appellate Tribunal (NCLAT)...
United Spirits to sell 32 mass-brands to Inbrew for Rs 820 crore
United Spirits Ltd. (USL), India’s largest liquor company, said it will sell about 32 mass-priced brands, including Haywards, Old Tavern, White-Mischief, Honey Bee, Green Label and Romanov, to Singapore headquartered...
Ruchi Soya to change name to Patanjali Foods, acquire its food retail business
Ruchi Soya Industries Limited has decided to change its name to “Patanjali Foods Limited”. The company, in a filing, said that it will be taking over the food retail business of Patanjali Ayurved Limited...
Adani Wilmar acquires Kohinoor rice, strengthens its presence in food segment
Adani has strengthened its presence in the food segment with the acquisition of Kohinoor rice. Adani Wilmar Limited (AWL), Tuesday announced the acquisition of several brands including the Kohinoor Brand – domestic...
Tata Coffee, Tcpl Merger In 12 To 14 Months: Official Says ‘no Roadblock Ahead’
Tata Coffee Ltd and Tata Consumer Products Ltd (TCPL) merger will be completed in 12-14 months, an official said. And further revealing that the two companies are in the early stages of filing the regulatory process, he...
Licious makes strategic investment in pet food startup Pawfectly Made
Delightful Gourmet Pvt Ltd, operator of meat brand Licious, on Wednesday said it has invested $1 million, or around ₹7.6 crore, in fresh pet food startup Pawfectly Made. This is the first strategic investment by Licious...
Danone new CEO says has no plan to sell any of its three businesses
Danone’s new chief executive said on Tuesday the French food group has no plans to sell any of its three businesses after its shares rose last week on a report of merger interest from dairy group Lactalis. CEO...
Rebel Foods acquires majority stake in luxury chocolate brand Smoor
Rebel Foods, which operates a network of cloud kitchens and digital brands, has acquired a majority stake in luxury chocolate brand Smoor, in its run-up to become a brand aggregator in the food and beverage (F&B)...
Pune-based AgroStar fully acquires INI Farms
AgroStar, which owns a large digital farmer networks and Agri-inputs platform has acquired Mumbai-based INI Farms Pvt Ltd, one of the leading exporters of fruit and vegetable crops like bananas and pomegranates from...
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...
France’s Ynsect expands in U.S. pet food market with Jord buy
French provider of edible insects for animal and human feed Ynsect said on Tuesday it had purchased U.S. mealworm producer Jord Producers, expanding its footprint in the booming U.S. pet food market. Ynsect breeds...
