Fair trade regulator Competition Commission has approved the acquisition of Ruchi SoyaNSE 4.47 % by Adani Wilmar. Adani Wilmar had emerged as the highest bidder (H1) with an offer of about Rs 6,000 crore for Ruchi Soya...
Wipro, ITC, Cadila take lead in race to acquire Complan
ITC Ltd, Wipro Consumer Care & Lighting Ltd and Cadila Healthcare Ltd are readying to submit binding offers to buy Kraft Heinz India’s popular nutritional drink brand, Complan, two people directly aware of the...
Australia’s Bega Cheese says regulator approved Saputo dairy plant purchase
Dairy products maker Bega Cheese Ltd said on Friday the Australian competition regulator had approved its purchase of Saputo Inc’s dairy processing facility at Koroit in the state of Victoria. Bega Cheese will buy the...
Fonterra re-enters India with Future Consumer on board post Britannia split
Nine years after splitting with Nusli Wadia-controlled Britannia Industries, New Zealand’s Fonterra has staged a comeback by tying up with Kishore Biyani’s Future Consumer. On Tuesday, the two companies announced they...
HUL to acquire Karnataka based ice-cream brand Adityaa
Hindustan Unilever has agreed to buy Karnataka based ice-cream brand Adityaa from Vijaykant Dairy and Food Products Limited (VDFPL) for an undisclosed amount, seeking a larger slice of the market that is gradually...
Kraft Heinz Is Narrowing Bidders in $1 Billion India Sale
Kraft Heinz Co. has narrowed the list of bidders for a portfolio of Indian businesses it’s selling that includes the children’s milk drink Complan, people with knowledge of the matter said. Tata Group, India’s biggest...
US Foods to buy SGA’s Food Group for $1.8 billion
Food distribution company US Foods Holding Corp said on Monday it would buy SGA’s Food Group of Cos for $1.8 billion in cash and reported disappointing second-quarter sales, sending its shares down 15 percent. With 12...
Kishlay Foods raises Rs 100 crore from Norwest Venture Partners and others for growth expansion
In what furthers the wave of consumer brands increasingly finding favour with India’s venture capital ecosystem, Kishlay Foods which manufactures snacks, chips and biscuits has raised $15 million (Rs 100 crore) in...
Nekkanti raises $30 million pre-IPO funds from Motilal Oswal, others
Shrimp exporter Nekkanti Sea Foods Ltd has raised $30 million (₹205 crore) in a pre-IPO investment round, which saw participation from financial services firm Motilal Oswal and other prominent investors, said two people...
Bajaj Hindusthan to sell 17.51% stake in group’s power firm LPGCL
Bajaj Hindusthan Sugar plans to sell its entire 17.51 per cent stake in the group firm Lalitpur Power Generation Company Ltd (LPGCL), estimated to be worth Rs 11 billion. The company had invested Rs 7.7 billion in LPGCL...
Patanjali not to back out from race to acquire Ruchi Soya: Acharya Balkrishna
Patanjali Ayurved will not back out from the race to acquire bankruptcy-bound Ruchi Soya and explore all options, including legal, to clinch the deal, its Managing Director Acharya Balkrishna said today. Adani Wilmar...
PE Funds, companies in race to acquire Kraft Heinz India’s consumer food unit
Bulge-bracket private equity funds such as Blackstone and Carlyle are said to be competing with domestic and international strategic buyers such as Abbott, Emami, WiproNSE 0.25 % Consumer Care, Zydus Wellness and ITC to...
