Nestle, Kraft Heinz, Hindustan Unilever, Tata, ITC, Orkla and Nissin Foods are among the contenders for an estimated $1-$1.25 billion-plus buyout of Capital Foods Pvt Ltd, the maker of condiments, food products and...
CCI approves demerger of FMCG business of Haldiram Snacks and Haldiram Foods
The Competition Commission of India (CCI) has approved the demerger of the FMCG business of Haldiram Snacks and Haldiram Foods into Haldiram Snacks Food. The CCI also approved the acquisition of 56% and 44% shareholding...
Reliance Industries in talks to buy bunch of FMCG brands
Reliance Industries Ltd is in talks to acquire brands such as Garden Namkeens from CavinKare, besides other brands such as Lahori Zeera and Bindu Beverages in a bid to strengthen its fast-moving consumer goods (FMCG)...
Open to demerger of FMCG, listing of IT businesses: ITC chairman Sanjiv Puri
ITC Ltd chairman Sanjiv Puri said the company is open to the idea of demerger of the non-cigarette fast moving consumer goods (FMCG) business and listing of the information technology (IT) businesses if it creates...
ITC acquires minority stake in FMCG vending machine start-up
ITC Ltd is going to acquire up to 33.42% stake in homegrown start-up Delectable Technologies which is in the business of fabricating vending machines and application based sale of FMCG products through such machines...
Wipro Consumer Care’s growth strategy: explore acquisitions in FMCG sector
Wipro Consumer Care & Lighting, a $1 billion dollar plus firm, will continue to scout for acquisitions in the Fast Moving Consumer Goods (FMCG) sector in domestic and South Asian markets besides growing organically...
Eveready forms FMCG JV with Indonesia’s Universal Wellbeing
Dry cell battery maker Eveready IndustriesBSE 0.10 % India (EIIL) on Wednesday said it has entered into a joint venture (JV) with Universal Wellbeing Pte Ltd, to engage in the business of manufacturing, importing and...
Sanjiv Goenka group looks at FMCG buys
The RP-Sanjiv Goenka Group has ambitious plans for the newest entrant in its business, fast-moving consumer goods (FMCG). Launched this April, the business will end the year with a turnover of Rs 500 crore. Over the...
Wipro consumer care acquires Chinese FMCG company Zhongshan Ma Er Daily Products
BENGALURU: WiproBSE -0.02 % consumer care and lighting’s Singapore arm has acquired a Chinese FMCG company Zhongshan Ma Er Daily Products Ltd in an all-cash deal for an undisclosed amount. This is the Bengaluru...
Godrej FMCG arm scouts for global buyouts
Godrej FMCG arm scouts for global buyouts Fast moving consumer goods company Godrej Consumer Products (GCPL) aims to double the contribution of its overseas business to 50 per cent in two years. To achieve the target...
Zandu’s FMCG business to be merged into Emami
In a three-way restructuring plan, Emami Ltd and its listed subsidiary, Zandu Pharmaceutical Works, have proposed to merge Zandu’s FMCG business into Emami, demerge Zandu’s other (non-FMCG) assets and...
FMCGs ready for buyouts with surplus cash
Consumer goods companies are expected to step up the pace of acquisitions in the coming months as organic growth in the Rs 3.2-lakh-crore domestic fast moving consumer goods (FMCG) market remains muted. While financial...