Reliance Consumer Products Limited (RCPL) said it will acquire 51% in Lotus Chocolate Company for Rs74 crore and will also buy another 26% in an open offer. The capital infused by the FMCG arm of Reliance Industries...
NCLAT upholds ₹751 cr CCI order against United Breweries
The appellate tribunal NCLAT on Friday upheld the regulator Competition Commission of India (CCI) order of penalty of ₹751.83 crore on Kingfisher beer manufacturer, United Breweries. The competition watchdog found...
Jashvik Cap to acquire 30% in Jabsons
Jashvik Capital, a growth private equity firm, is acquiring a significant minority stake in Jabsons Foods Pvt. Ltd, an ethnic savoury snacks firm based in Bharuch, Gujarat, a person in the know said. This is Jashvik...
Kellogg divests Russian operations to local snacks maker Chernogolovka
Kellogg Co said it has decided to divest its operations in Russia to local snacks and drinks maker Chernogolovka as the company joins a long list of Western brands pulling out of the country. The Corn Flakes maker...
Wipro Consumer to acquire Kerala based food firm Nirapara
Wipro Consumer Care and Lighting announced a definitive agreement to buy Nirapara, one of the largest-selling traditional food brand in Kerala. This acquisition comes after Wipro’s announcement of its entry into the...
Gopal Snacks founder buys out brother in co
Bipin Hadvani, founder of Gujarat’s Gopal Snacks Pvt. Ltd, has raised debt from a JM Financial entity to buy out his younger brother Praful’s 30% stake in the company, two people familiar with the transaction said...
Dhunseri Tea to acquire two estates from Apeejay Tea in Assam’s Tinsukia
Soon after entering into a deal with Warren Tea to buy its four tea estates in Assam, the C K Dhanuka-promoted Dhunseri Tea & Industries is set to buy another two tea gardens from Apeejay Tea Ltd, a part of the...
Cargill to buy soybean processor and oil refiner Owensboro Grain
Cargill Inc has agreed to acquire soybean processor and refiner Owensboro Grain Company in a deal that would expand its oilseed crush capacity to meet rising demand for food, feed and biofuel, the agricultural...
Tata Consumer to acquire packaged water giant Bisleri for about ₹7,000 crore
Almost three decades after selling soft drink brands Thums Up, Gold Spot and Limca to Coca-Cola, Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated ₹6,000-7,000 crore...
Dhunseri Tea to buy three tea estates of Warren Tea in Assam
Dhunseri Tea & Industries Ltd (DTIL) is set to buy three tea estates of Warren Tea in Assam – Deohall, Tara Tea and Duamara – for an estimated ₹90.80 crore. The board of DTIL on Monday approved the...
Japan’s Kirin raises stake in Bira 91 to about 20% for ₹570 crore
Japanese beverages group Kirin Holdings has increased its stake in B9 Beverages, the maker of Bira 91 beer, close to 20% from 10% by investing an additional ₹570 crore in the company, valuing the beer maker at $550-600...
IHC bid for Colombian food producer Nutresa unsuccessful
An offer by Abu Dhabi’s International Holding Company (IHC) for shares in Colombian food producer Nutresa was declared void on Friday after it failed to receive the minimum number of shares, Colombia’s stock...
