China Mengniu Dairy Co unveiled a plan to buy infant formula maker Bellamy’s Australia Ltd for A$1.43 billion ($983 million), a lifeline for a target beset by regulatory problems that sent its shares soaring. Bellamy’s...
Advent to snack on Crax maker DFM Foods as promoters, Westbridge seek exit
Advent International is set to acquire DFM Foods, a homegrown snacking company that was among the first to launch its now cult Crax brand of corn rings in mid 1980s. Advent, the US headquartered buyout fund, that is...
NCLT approves Patanjali’s resolution plan for debt-ridden Ruchi Soya
The National Company Law Tribunal has approved the resolution plan submitted by Yoga guru Ramdev-led Patanjali for the debt-ridden Ruchi Soya. A two-member Mumbai NCLT bench, comprising Rajesh Sharma and V P Singh...
NCLAT rejects Sebi plea against resolution plan of Assam Company
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea by capital market regulator Sebi challenging the approval given by NCLT Guwahati to the resolution plan of Assam Company India. A three-member...
Pernod unveils up to €1 bn share buyback
French spirits maker Pernod Ricard, which is being targeted by activist investor Elliott, unveiled a share buyback programme and new investments in China and the US as it posted profit growth that beat forecasts...
Debt recovery tribunal sells 3.3 mn shares of United Spirits for Rs 196 cr
The recovery official of the Debt Recovery Tribunal on Tuesday sold more than 33 lakh shares of United Spirits Ltd for around Rs 196 crore, according to the block deal data of stock exchanges. The BSE block deal data...
Coffee Day may restart stake sale talks with Coke
The promoters of the Coffee Day Group plan to restart talks with Coca-Cola for selling a chunk of their stake in the Café Coffee Day (CCD) chain in a bid to cut the group’s debt further, said people with knowledge of...
Diageo buys majority stake in non-alcoholic spirit maker Seedlip
Diageo (DGE.L), the world’s largest spirits company, said on Wednesday it had taken a majority stake in distilled non-alcoholic spirits brand Seedlip, as it looks to cater to a growing population of teetotalers. The...
Patanjali gets control of Ruchi Soya for Rs 4,350 crore
After a protracted battle, the NCLT Thursday finally cleared the Rs 4,350-crore bid by yoga- exponent Ramdev-run Patanjali Ayurved to take over edible oil player Ruchi Soya, which owes over Rs 9,345 crore to the lenders...
Philippines’ Jollibee buying Coffee Bean & Tea Leaf in overseas expansion
Jollibee Foods Corp, Philippines’ largest food service network operator, is buying U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of an expansion outside its home market. Jollibee, which has a...
Italy’s Campari in talks to buy French liquor firm Rhumantilles
Italian drinks group Campari (CPRI.MI) said on Saturday it had entered exclusive negotiations to buy French firm Rhumantilles SAS in an effort to strengthen its rum business and grow its market in France. Rhumantilles...
PepsiCo to buy South Africa’s Pioneer Food for $1.7 billion
PepsiCo has struck a deal to buy South Africa’s Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer’s shares and boosting a sector that has been hit by drought and tough trading conditions...
