Soon after entering into a deal with Warren Tea to buy its four tea estates in Assam, the C K Dhanuka-promoted Dhunseri Tea & Industries is set to buy another two tea gardens from Apeejay Tea Ltd, a part of the...
Cargill to buy soybean processor and oil refiner Owensboro Grain
Cargill Inc has agreed to acquire soybean processor and refiner Owensboro Grain Company in a deal that would expand its oilseed crush capacity to meet rising demand for food, feed and biofuel, the agricultural...
Tata Consumer to acquire packaged water giant Bisleri for about ₹7,000 crore
Almost three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola, Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated ₹6,000-7,000 crore...
Dhunseri Tea to buy three tea estates of Warren Tea in Assam
Dhunseri Tea & Industries Ltd (DTIL) is set to buy three tea estates of Warren Tea in Assam – Deohall, Tara Tea and Duamara – for an estimated ₹90.80 crore. The board of DTIL on Monday approved the...
Japan’s Kirin raises stake in Bira 91 to about 20% for ₹570 crore
Japanese beverages group Kirin Holdings has increased its stake in B9 Beverages, the maker of Bira 91 beer, close to 20% from 10% by investing an additional ₹570 crore in the company, valuing the beer maker at $550-600...
IHC bid for Colombian food producer Nutresa unsuccessful
An offer by Abu Dhabi’s International Holding Company (IHC) for shares in Colombian food producer Nutresa was declared void on Friday after it failed to receive the minimum number of shares, Colombia’s stock...
Fonterra divests Chile operations for $641 mln to Peru’s Gloria Foods
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...
