The National Company Law Tribunal, Kolkata Bench, on Friday, admitted an application for initiating a corporate insolvency resolution process (CIRP) against McLeod Russel India, the country’s largest bulk tea producer...
Vikas Lifecare okays its strategic investment in Kohinoor Foods for ₹250 Cr
Fast Moving Consumer Goods (FMCG) are the focus of Kohinoor Foods Ltd, a small cap company with a market valuation of ₹241.71 Cr. Kohinoor Foods has a market presence nowadays, selling food items such as basmati rice...
Sugar maker Tereos to sell Romanian business to local investors
French sugar producer Tereos said that two Romanian investors would take over the cooperative’s loss-making sugar business in the country, which it had planned to close for over a year as part of a wider strategy...
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...
Reliance to acquire 50% stake in Gujarat-based beverages firm Sosyo
Reliance Consumer Products Limited said it will acquire 50% equity stake in Gujarat-headquartered beverages firm Sosyo Hajoori Beverages (SHBPL). The 100-year-old company is one of the leading players in the domestic...
Reliance to buy 51% stake in Lotus Chocolate for Rs 74 crore
Reliance Consumer Products Limited (RCPL) said it will acquire 51% in Lotus Chocolate Company for Rs74 crore and will also buy another 26% in an open offer. The capital infused by the FMCG arm of Reliance Industries...
NCLAT upholds ₹751 cr CCI order against United Breweries
The appellate tribunal NCLAT on Friday upheld the regulator Competition Commission of India (CCI) order of penalty of ₹751.83 crore on Kingfisher beer manufacturer, United Breweries. The competition watchdog found...
Jashvik Cap to acquire 30% in Jabsons
Jashvik Capital, a growth private equity firm, is acquiring a significant minority stake in Jabsons Foods Pvt. Ltd, an ethnic savoury snacks firm based in Bharuch, Gujarat, a person in the know said. This is Jashvik...
Kellogg divests Russian operations to local snacks maker Chernogolovka
Kellogg Co said it has decided to divest its operations in Russia to local snacks and drinks maker Chernogolovka as the company joins a long list of Western brands pulling out of the country. The Corn Flakes maker...
Wipro Consumer to acquire Kerala based food firm Nirapara
Wipro Consumer Care and Lighting announced a definitive agreement to buy Nirapara, one of the largest-selling traditional food brand in Kerala. This acquisition comes after Wipro’s announcement of its entry into the...
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...
