Diageo-controlled United Spirits Limited (USL), India’s biggest liquor firm, has proposed a merger with its majority-owned and listed subsidiary Pioneer Distilleries Limited (PDL). The maker of Johnie Walker and...
Patanjali secures ₹3,200 crore loan from banks to buy Ruchi Soya
Baba Ramdev-led Patanjali Ayurved on Friday said it has already tied up loan worth ₹3,200 crore from a consortium of lenders led by State Bank of India to fund its acquisition of Ruchi Soya through insolvency process...
Promoters want to raise stake in Parag Milk Foods to 51% in few months
The promoters of Parag Milk Foods plan to purchase another 4.2 million shares from the open market in the next few quarters. This will increase their stake in the firm to 51 per cent in the next few months. As of...
AB Inbev explores options for packaging ops – sources
Anheuser-Busch InBev, the world’s largest brewer, is exploring options for its packaging activities as it streamlines its portfolio and focuses on its core beverage business, sources close to the matter said. The...
Lenders take forward their resolution plan for McLeod Russel outside NCLT
Taking forward their plan to formulate a resolution plan for McLeod Russel outside the scope of NCLT, the company’s lenders, led by ICICI Bank, which has the largest exposure, have appointed LSI Financial Services...
Oyo, Apax join race for significant stake in CCD
SoftBank-backed hospitality chain Oyo and British private equity firm Apax Partners have joined the race to buy a significant stake in Café Coffee Day (CCD), according to two people close to the development. Both Oyo...
China Mengniu Dairy to buy a second Australian dairy firm for $407 million from Kirin
China Mengniu Dairy Co Ltd plans to buy the owner of some of Australia’s best known milk brands from Japan’s Kirin Holdings Co Ltd for A$600 million ($407 million), its second Down Under dairy buyout in two months. The...
Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others
Svami, a company that makes non-alcoholic, aerated beverages, has raised Rs 7.5 crore in Pre-Series-A funding. The round was led by Rukam Capital Trust, and Norwest Venture Partners India Managing Director Niren Shah...
NCLAT extends deadline to 16 Dec for implementation of Patanjali’s bid for Ruchi Soya
The National Company Law Appellate Tribunal (NCLAT) has extended till December 16 the deadline for completion of Patanjali Ayurved’s ₹4,350 crore resolution plan to acquire debt-ridden edible oil firm Ruchi Soya...
Wingreens Farms raises ₹125 cr from responsAbility Investments, Sequoia India
Wingreens Farms Pvt Ltd, a food and beverage company, has raised ₹125 crore in a Series B round led by Zurich-based private equity fund responsAbility Investments AG, the company said. Existing investor Sequoia India...
NCLAT rejects PepsiCo plea for release of machinery from Oceanic Tropical
The National Company Law Appellate Tribunal (NCLAT) has rejected the plea of beverages giant Pepsico India Holdings seeking release of its machinery from Oceanic Tropical Fruits, which is under the insolvency process...
Consider Haldiram’s offer, NCLT tells lenders
The National Company Law Tribunal (NCLT) has directed the lenders of Kwality Ltd to reconsider the revised Rs 145-crore offer by Haldiram Snacks to acquire the debt-ridden dairy firm. The Delhi-based bench of the...
