Adani Wilmar Ltd, which was selected as the highest bidder for Ruchi Soya Industries Ltd, has decided to opt out of the race. Adani Wilmar, promoted by billionaire Gautam Adani, on Tuesday informed the Mumbai bench of...
United Spirits sells Four Seasons Wines business
Diageo-owned liquor firm United SpiritsNSE -1.48 % (USL) Tuesday said it has executed a share purchase agreement for sale of its entire equity share capital in its subsidiary Four Seasons Wines as well as associated...
Varun Beverages Ltd may drink up PepsiCo’s bottling operations
RJ Corp-owned Varun Beverages Ltd (VBLNSE 1.06 %) is in advanced talks to acquire PepsiCo’s bottling, sales and distribution in the south and west for its carbonated drinks business, giving it nationwide control of...
Prabhat Dairy to enter animal nutrition business, partners Danish firm
Prabhat Dairy is entering the animal nutrition business, which includes cattle feed, nutrition supplements and animal genetics, in association with the Denmark-based DLG which is into high-quality vitamin- mineral feeds...
EU clears Coca-Cola acquisition of Costa Coffee chain
The European Commission said on Thursday it had cleared the sale of the Costa Coffee chain to U.S. drinks maker Coca-Cola Co from British restaurant and hotel owner Whitbread Plc. “The Commission concluded that the...
Sazerac raises a toast with John Distilleries stake buy
Sazerac, a family-owned spirits company in the US, has completed its two-part acquisition of a significant minority stake in John Distilleries Pvt Ltd (JDPL), a leading liquor maker in India. Sazerac has acquired the...
Foodybuddy raises Rs 6 crore from Prime Venture Partners
Foodybuddy, a home-cooked food distribution network, raised Rs 6 crore from Prime Venture Partners in Pre-Series A funding round, the company said in a statement on Wednesday. The company will use the funds to develop...
Unilever used HUL buyback gains to secure GSK health deal
UnileverNSE -0.21 % said it had used the buyback of Hindustan Unilever shares five years ago and the subsequent near-three-fold increase in share price of the Indian unit to ‘secure’ last week’s GSK Consumer Healthcare...
NZ’s Fonterra cuts forecast milk payout, eyes ice cream business sale
Dairy giant Fonterra Co-Operative Group Limited (FCG.NZ) (FSF.NZ) downgraded its forecast milk payment to farmers and said it was looking to sell its ice cream business, as the New Zealand-based firm reels from its...
Tata Sons board nixes Rs 400 crore proposal to buy Prabhat Dairy
Tata Sons has rejected a proposal by the group’s mergers & acquisitions team for Tata Global BeveragesNSE -0.43 % to purchase Prabhat Dairy for about Rs 400 crore, said two people with knowledge of the development...
Considering possible deal and merger of Indian unit: GlaxoSmithKline
GlaxoSmithKlineNSE 0.56 % said it is considering a possible deal that includes a merger of its Indian unit GSK Consumer Healthcare (GSKCH), although no decision has been taken on the matter. “In response to recent press...
With $3.4B cash bid, Unilever may bag GSK’s nutrition business
Unilever is poised to walk away with Glaxo SmithKline’s nutrition business with a $3.4-billion all-cash offer for a 72.5% stake, ending nearly a year-long contest for Horlicks, the popular malted drink brand in India...
