Third Eye Distillery Holdings, the makers of Indian gin Stranger & Sons, has acquired a controlling stake in craft tonics and mixers brand Svami, owned by Foxtrot Beverages Private Limited. Third Eye co-founder...
SBI starts insolvency proceedings against Bajaj Hindusthan Sugar
Country’s largest lender SBI has initiated insolvency proceedings in the National Company Law Tribunal (NCLT) against Bajaj Hindusthan Sugar, the company said in a regulatory filing on Tuesday. The petition has...
Royal Unibrew to buy Canada’s Amsterdam Brewery in $40 million deal
Danish brewer and beverage maker Royal Unibrew will acquire Canadian craft brewer Amsterdam Brewery in a deal valued at around 250 million Danish crowns ($34 million), Royal Unibrew said in a statement. “The...
Dabur buys entire stake in Asian Consumer Care
Packaged consumer goods maker Dabur India through its subsidiary Dabur International has acquired the entire stake in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for...
Kellogg to split into three companies; corporate HQ moves to Chicago
Kellogg, the maker of Frosted Flakes, Rice Krispies and Eggo, said it was splitting itself into three separate companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns and MorningStar...
Calcutta HC upholds state govt’s Metro Dairy stake sale to Keventer
The Calcutta High Court dismissed a petition alleging the sale of State’s Metro Dairy Limited (MDL) shares to Keventer Agro Ltd (KAL) in 2017 was non-transparent or opaque. A division bench of the court said the state...
NCLAT allows withdrawal of insolvency proceedings against Kanoria Sugar
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...
