Tata Consumer Products, Danone India Deal Talks Hit Roadblock: Reports
The reports note that Danone is said to have quoted an acquisition cost of USD 1.2 billion for its entire portfolio
The reports note that Danone is said to have quoted an acquisition cost of USD 1.2 billion for its entire portfolio
The transaction is likely to close by the end of 2026, subject to relevant regulatory approvals and customary closing conditions
The company has completed the acquisition on Monday by discharging the entire purchase consideration of Rs 9 crore to Sky Gate Hospitality
With this, the company has entered into the ready-to-eat (RTE) and ready-to-cook (RTC) categories
Upon completion, Arvind Youth Brands or AYBPL, which runs the Flying Machine brand, will now become wholly-owned subsidiary of the company
The restructuring is aimed at optimal utilisation of resources through pooling of financial, managerial and technical resources
Reports note that Marathon Edge is likely to retain a 12 to 15 per cent stake after the transaction
The acquisition will be carried out through Varun Beverages’ South African subsidiary, The Beverages Company Proprietary (BevCo),
Under the joint venture agreement, RCPL holds a majority stake, while Udhaiyams’ erstwhile owners hold a minority stake in the company
Through this, Marico is looking to deepen its presence in the health and wellness category