ChrysCapital has restarted discussions to acquire pan-India bakery chain Theobroma Foods at a significantly lower price than the original valuation ask of Rs 3,000 crore ($344 million) from the founding family and other...
Coca-Cola sells North Gujarat bottling operations for Rs 2,000 cr
Coca-Cola India has sold its bottling operations in north Gujarat to Kandhari Global Beverages Group, one of its top four independent franchisee bottlers, for close to Rs 2,000 crore, executives directly aware of the...
NCLAT condones delay in plea to initiate insolvency against PepsiCo, to list for hearing
The National Company Law Appellate Tribunal (NCLAT) on Monday condoned the delay over a plea to initiate an insolvency petition filed against food & beverage major PepsiCo India Holdings by one of its operational...
Varun Beverages extends deadline for acquisition of Ghana-based SBC Beverages to March 31
Varun Beverages, PepsiCo’s largest franchise bottler, on Tuesday extended the deadline for completion of the acquisition of Ghana-based SBC Beverages for a month to March 31. On November 13, 2024, Varun Beverages...
UK competition watchdog provisionally clears Boparan-ForFarmers deal
UK’s competition regulator said on Tuesday it has provisionally cleared British food maker Boparan Holdings’ proposed deal to buy Dutch agricultural feed company ForFarmers’ Burston and Radstock feed...
ABD acquires Pumori gin and Woodburns whiskey; strengthens premium spirits portfolio
Allied Blenders and Distillers said it has acquired all brands and other Intellectual Property rights from Fullarton Distilleries Private, the maker of Pumori gin and Woodburns whiskey for nearly Rs40 crore. ABD...
Hatsun Agro Product acquires Milk Mantra to expand presence in eastern India
Dairy firm Hatsun Agro Product (HAP) on Tuesday said it has completed the acquisition of Milk Mantra Dairy and its brand ‘Milky Moo’, strengthening its foothold in eastern India’s dairy market. The...
Board of L T Foods approves acquisition of further 4% stake in Raghunath Agro Industries
At meeting held on 27 January 2025 The Board of L T Foods at its meeting held on 27 January 2025 has approved the acquisition of 4% Stake in Raghunath Agro Industries, subsidiary company from DAWAAT Foods, a wholly...
Brazil’s JBS buys stake in Mantiqueira to enter egg sector
Brazilian meatpacker JBS has agreed to buy a stake in Mantiqueira Alimentos, it said on Monday, marking the food giant’s entry into the egg sector in a deal that valued Mantiqueira at 1.9 billion reais ($321...
Diageo says it has no intention to sell Guinness or stake in Moet Hennessy
Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH’s drinks unit, the world’s top spirits makers said on Sunday. On Friday, Bloomberg News reported that the company...
Diageo exploring potential spin-off or sale of Guinness, Bloomberg News reports
Diageo, the world’s top spirits maker, is exploring a potential spin-off or sale of beer brand Guinness and is reviewing its stake in LVMH’s drinks unit, Moet Hennessy, Bloomberg News reported on Friday...
Hatsun Agro Product to acquire 100% stake in Milk Mantra Dairy for expanding presence in Eastern India
Hatsun Agro Product (HAP) said that its board has approved the acquisition of 100% stake in Milk Mantra Dairy for a total cash consideration of Rs 233 crore. In this regard, HAP has entered into share purchase...
