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...
Investindustrial to buy majority stake in food chain Eataly
European private equity firm Investindustrial will buy a majority stake in Eataly to accelerate the upmarket Italian food chain’s global expansion, the two companies said in a joint statement on Wednesday. The...
Adani Wilmar eyes acquisitions to push food business
Adani Wilmar Ltd., the kitchen essentials firm owned by Gautam Adani, is scouting for local and overseas acquisition targets as Asia’s richest man doubles down on boosting his empire’s food operations weeks after...
South Africa approves Heineken’s takeover of Distell with conditions
South Africa’s Competition Commission approved Heineken’s purchase of wine and cider company Distell Group as long as the merged entity invests more than 10 billion rand ($578 million) over five years in the...
Mutual Funds Sundaram, SBI buy stakes in Hatsun Agro for ₹269 cr in open market
Dairy products maker, Hatsun Agro Product on Tuesday climbed nearly 4% on exchanges after two major mutual fund houses bought certain shares in the company via the open market. At the same time, promoter Raja Ganesan...
Captain Fresh close to buying Beaver Street
Captain Fresh, a business-to-business seafood marketplace, is close to acquiring US-based Beaver Street Fisheries at an enterprise value of $600 million, three people aware of the matter said. The farm-to-retail...
CVC in talks to exit top Indonesian snacks maker GarudaFood
Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters...
