After months of drama in courts and allegations of favouritism by the resolution professional, tea and oil company Assam Company NSE 3.64 % (India) is finally set to be bagged by billionaire B R Shetty, three people...
Tata plans to integrate food and beverage businesses into a single company
Tata Group, India’s biggest conglomerate, is evaluating a proposal to integrate its food and beverage businesses into a single company, people with knowledge of the matter said. The Mumbai-headquartered group is...
Conagra Brands is nearing a deal to buy Pinnacle Food: CNBC
Conagra Brands Inc (CAG.N) is in advanced talks to buy Pinnacle Foods Inc (PF.N) in a deal that could be announced as soon as this week, CNBC reported on Tuesday, citing sources familiar with the situation. The news...
Insolvency process: What makes debt-ridden Ruchi Soya a prized asset
In the last few weeks, the fight for Ruchi Soya, admitted to the Corporate Insolvency Resolution Process by lenders, has got aggressive. In the spotlight are Baba-Ramdev-cofounded Patanjali Ayurved and Adani Wilmar...
Britain’s Diageo offers to raise stake in China’s Sichuan Shuijingfang
Diageo Plc (DGE.L), the world’s largest spirits company, said it has proposed to increase its stake in Chinese baiju maker Sichuan Shujingfang Company to raise its stake to up to 60 percent through a partial tender...
United Spirits picks up 26% stake in liquor delivery start-up HipBar
Diageo Plc-owned United Spirits Ltd said it has picked up a 26% equity stake for ₹27 crore in payment technology start-up HipBar Pvt. Ltd, which caters to the alcoholic beverage (alcobev) market through its mobile...
Ruchi Soya insolvency: Adani Wilmar ineligible to bid, says Patanjali
Patanjali Ayurved has raised concerns about Adani Wilmar’s eligibility to bid for Ruchi Soya, which is facing insolvency and bankruptcy proceedings. Patanjali has, in a letter to Ruchi Soya’s lenders, cited Section 29A...
Adani Wilmer decides not to revise its bid for Ruchi Soya
AdaniNSE 1.49 % Wilmar has decided not to revise its bid of Rs 5,474 crore for the bankrupt Ruchi Soya, said two senior banking officials. The joint venture between the infrastructure conglomerate founded by Gautam...
Carlsberg is said to plan IPO for India operations
Carlsberg A/S is planning a local initial public offering (IPO) of its Indian business, people with knowledge of the matter said, as it seeks to tap the growing middle class’s increasing thirst for foreign beer. The...
Adani group highest bidder for Ruchi Soya, but Patanjali is still in race
Adani Wilmar has emerged as the highest bidder for the bankrupt edible oil manufacturer Ruchi Soya, but yoga guru Ramdev-promoted Patanjali Ayurved might still have a chance, according to media reports. Billionaire...
Battle for Ruchi Soya: Adani throws a Rs 6,000 cr Swiss Challenge at Baba Ramdev
Adani Wilmar emerged as the highest bidder for bankrupt Ruchi SoyaNSE 4.53 %, trumping Ramdev-backed Patanjali Ayurved. Declaration of the winner will have to wait as banks and the resolution professional (RP) settle...
Ruchi Soya case: ANZ Banking Group seeks NCLT intervention
The Australia and New Zealand (ANZ) Banking Group has moved the National Company Law Tribunal (NCLT), seeking its intervention in the insolvency and bankruptcy proceedings against Mumbai-based edible oils...
