The valuation of McLeod Russel’s tea gardens at Rs 340-Rs 350 a kg has rekindled hopes for a good deal for the beleaguered estates of Assam Company India Ltd, which is undergoing insolvency proceedings in the Guwahati...
Ruchi Soya second-round bidding on Jun 11; Patanjali to submit revised bid
Baba Ramdev-promoted Patanjali Ayurved, which is in the race with Adani group to acquire bankruptcy-hit Ruchi Soya, is likely to submit a revised bid tomorrow as lenders of the edible oil firm have decided to hold a...
Patanjali, Godrej Agrovet in talks to tie up for Ruchi Soya bid
Baba Ramdev’s Patanjali Ayurved Ltd, which has put in a bid for Ruchi Soya Industries Ltd, is in talks with Godrej Agrovet Ltd for a potential tie-up for the bid, two people aware of the matter said. According to the...
McLeod sells first tranche of Assam tea estates to M K Shah Exports
Taking forward its plan to sell some of its tea estates to bring down the Rs 10 billion debt burden, McLeod Russel has entered into an agreement with M K Shah Exports to sell its tea estates in the Doom-Dooma region in...
Insolvency: Patanjali, Adani asked to submit updated bids for Ruchi Soya
Ruchi Soya’s lenders have asked Patanjali Ayurved and Adani Wilmar to submit updated bids in lieu of acquiring the stressed firm, a source confirmed the development to Business Standard. The first round of bidding...
HUL to merge foods and refreshments division
Hindustan Unilever has decided to combine its foods and refreshments business into one division effective July in an effort to increase agility, in line with the global category structure of parent Unilever. As part of...
Nomad Foods buys UK’s Aunt Bessie’s for $281 million
Nomad Foods (NOMD.N) said on Monday it would buy British frozen foods maker Aunt Bessie’s from William Jackson & Son Ltd for 240 million euros ($281.33 million). Aunt Bessie’s, known for its Yorkshire puddings and...
Luxmi Tea, M.K. Shah exports seen buying McLeod Russel tea estates
A committee led by Bharat Bajoria, an independent director with McLeod Russel India Ltd and a veteran tea plantations investor, will decide on the sale of the estates owned by the world’s largest tea producer. Luxmi Tea...
Ruchi Soya insolvency case: Lenders to meet on May 30 to discuss bids
Lenders of bankruptcy-hit Ruchi Soya are likely to meet again on May 30 to discuss bids submitted by Patanjali Ayurveda and Adani group which are in the race to acquire the Indore-based edible oil firm. A Committee of...
Pepsi to buy Granny Smith apple chips maker Bare Foods
PepsiCo Inc (PEP.O) said on Friday it would buy baked fruit and vegetable snack maker Bare Foods Co, as the food and beverage company expands its fast-growing healthy snack portfolio. Bare Foods, founded in 2001 in a...
Adani Group may buy Shree Renuka Sugars from Wilmar
The Adani Group may acquire the sugar business of Shree Renuka Sugars Ltd, India’s largest sugar manufacturer, from Wilmar Sugar Holdings through Adani Wilmar Ltd, a senior company executive told Mint At present, Wilmar...
Patanjali, Adani Wimar present resolution offers to CoC for Ruchi Soya takeover
Patanjali Ayurveda and Adani group today pitched their respective bids before the lenders of bankruptcy-hit Ruchi SoyaNSE 7.01 % to acquire the company. Patanjali group has emerged as the front runner with a bid of over...
