Wipro Consumer Care and Lighting agreed to acquire Kerala-based packaged foods company Brahmins Foods on Thursday, building on its purchase of the Nirapara brand from the same region last year. Bengaluru-based Wipro...
McLeod Russel, IL&FS insolvency settlement likely in two weeks: Report
Tea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached within the next two weeks. The Brij Mohan Khaitan group company...
Tilaknagar Industries to buy 10% in Samsara Gin maker
Alcoholic beverages maker, Tilaknagar Industries Limited (TI) said it has agreed to buy 10% stake in Spaceman Spirits Lab (SSLPL) for Rs9.75 crore. The investment, in two tranches, will be through a combination of...
No plans to sell Bisleri: Ramesh Chauhan after Tata calls off negotiations
Veteran industrialist Ramesh Chauhan on Monday said he has no plans to sell his packaged water business Bisleri International and is not in talks with any parties for the same, three days after Tata Consumer Products...
Bill Gates buys Heineken stake, despite saying he’s ‘not a big beer drinker’
Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV, although the billionaire founder of Microsoft has previously said he was “not a big beer drinker.” The filing by the...
Supreme Court stays NCLAT’s order on United Breweries, including CCI’s recovery proceedings
The Supreme Court stayed an NCLAT order affirming penalty of Rs 751.83 crore on Heineken’s subsidiary, United Breweries Limited, in the alleged beer cartel case. The apex court, however, directed the company to deposit...
NCLT admits application seeking CIRP against McLeod Russel India
The National Company Law Tribunal, Kolkata Bench, on Friday, admitted an application for initiating a corporate insolvency resolution process (CIRP) against McLeod Russel India, the country’s largest bulk tea producer...
Vikas Lifecare okays its strategic investment in Kohinoor Foods for ₹250 Cr
Fast Moving Consumer Goods (FMCG) are the focus of Kohinoor Foods Ltd, a small cap company with a market valuation of ₹241.71 Cr. Kohinoor Foods has a market presence nowadays, selling food items such as basmati rice...
Sugar maker Tereos to sell Romanian business to local investors
French sugar producer Tereos said that two Romanian investors would take over the cooperative’s loss-making sugar business in the country, which it had planned to close for over a year as part of a wider strategy...
ITC to acquire Yoga Bar to expand presence in fast growing healthy foods space
ITC Ltd announced it is going to acquire 100% in the makers of the health-conscious brand Yoga Bar, Sproutlife Foods Pvt Ltd, in an all-cash deal over the next 3-4 years. The conglomerate will pay Rs 255 crore for 47.5%...
HCCB revives plans to sell Coca-Cola’s bottling business
Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, has revived plans of selling its business as a robust post-pandemic recovery boosts valuation again, executives directly aware of the development said...
Reliance to acquire 50% stake in Gujarat-based beverages firm Sosyo
Reliance Consumer Products Limited said it will acquire 50% equity stake in Gujarat-headquartered beverages firm Sosyo Hajoori Beverages (SHBPL). The 100-year-old company is one of the leading players in the domestic...
