Updates on Indian Food Industry
1) NEW DELHI: Foods major Nestle India, which has so far not done any acquisitions in the country, is now eyeing the inorganic route to growth. Potential buyouts could be across existing categories as well as new ones.
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2) The board of Delhi-based consumer goods company Dabur India (DIL) today announced the decision to merge its wholly owned subsidiary, Dabur Foods (DFL), with itself to consolidate its growth with the parent company.
Through this merger, Dabur India, which reported net sales in excess of Rs 1,700 crore in 2006-07, will now have a combined turnover of Rs 2,233 crore. The merger will be effective from April 1, 2007.
Further reading
Further reading
2) The board of Delhi-based consumer goods company Dabur India (DIL) today announced the decision to merge its wholly owned subsidiary, Dabur Foods (DFL), with itself to consolidate its growth with the parent company.
Through this merger, Dabur India, which reported net sales in excess of Rs 1,700 crore in 2006-07, will now have a combined turnover of Rs 2,233 crore. The merger will be effective from April 1, 2007.
Further reading
posted by Prabhat Kumar at
9:38 PM
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