The Directorate General of GST Intelligence (DGGI) is probing a recent deal in which Raymond sold its consumer goods business to a Godrej unit, sources aware of the matter told ET. The sources cited said the GST...
JK Paper to acquire Manipal Utility Packaging Solutions for Rs 90 crore
JK Paper Ltd said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of...
Emami acquires stake in Axiom Ayurveda, enters health juice segment
Homegrown FMCG major Emami Ltd. announced entering the health juice category, with the acquisition of a 26% stake in Axiom Ayurveda Pvt Ltd., which markets a range of beverages under the brand name AloFrut. The deal...
GG Engineering, Integra Essentia get board approvals to execute merger plan
The board of GG Engineering Ltd has approved a merger plan of the company with Integra Essentia Limited, which is in the steel and renewable energy business. The proposal remains subject to several other necessary...
Tata Consumer leads race for maker of Ching’s Secret, values co at Rs 5,500 cr
Tata Consumer Products Ltd (TCPL) has emerged as the frontrunner to acquire Capital Foods Pvt Ltd, the maker of condiments, food products and ingredients under the Ching’s Secret and Smith & Jones brands...
Dabur scouting for acquisition targets in D2C healthcare, personal care
Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The...
DS Group completes acquisition of Viceroy Hotels
The Dharampal Satyapal (DS) Group has completed the acquisition of Viceroy Bangalore Hotels Pvt. Ltd as part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, said a lawyer aware...
GQG Partners acquires 5.96% stake in Patanjali Foods via offer of sale
NRI Rajiv Jain-led GQG Partners, which has in recent times poured in billions of dollars in Adani Group firms after the Hindenburg report, has now invested around Rs. 2,400 crore in Ramdev-led fast-moving consumer goods...
Swiggy enters retail food and grocery segment with LYNK acquisition
Online food delivery startup Swiggy said it has acquired LYNK Logistics Ltd, a tech-led FMCG retail distribution company, marking its foray into food and grocery retail market. The company did not disclose the financial...
RAYMOND Group’s Restructuring to Re-FOCUS on its Core Businesses
For the last couple of years, it appears Raymond Limited has relentlessly been trying to simplify its structure & create value for shareholders. The group announced a couple of internal restructurings by calling a...
Reliance completes acquisition of 51% stake in Lotus Chocolate Company
Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures (RRVL), announced on Thursday that it has finalised the acquisition of a controlling stake in Lotus Chocolate...
KKR Infra fund looks to buy majority stake in supply chain firm Leap India
Private equity firm KKR’s infrastructure fund has started exclusive talks to pick up over 51% stake in supply chain and warehousing asset pooling company Leap India, at an enterprise valuation of around ₹3,000...