Milky Mist Dairy Food raises Rs 465 crore from anchor investors
Packaged food company Milky Mist Dairy Food Ltd raised Rs 465.30 crore from anchor investors, a day before the opening of its initial public offering (IPO) for public subscription. The company has finalised the allocation of 3.32 crore equity shares to anchor investors at Rs 140 apiece, the upper end of the IPO price band, […]
Coke bottler SLMG Beverages appoints Lagan Shastri as its CEO
SLMG Beverages Pvt Ltd, one of the bottling partners of Coca-Cola in India, announced the appointment of Lagan Shastri as its Chief Executive Officer, effective immediately. This appointment signals the company’s readiness to embark on its next major phase of strategic growth and global expansion, SLMG Beverages said in a statement. SLMG Beverages, which has […]
NABL launches accreditation scheme for mobile food testing laboratories
The National Accreditation Board for Testing and Calibration Laboratories (NABL) said it has launched India’s first-of-its-kind accreditation scheme for mobile food testing laboratories. The initiative aims to expand access to reliable, quality-assured and internationally benchmarked food testing services closer to communities, the commerce and industry ministry said. The scheme, developed by NABL, establishes a framework […]
WK Kellogg Co will eliminate artificial colors in all cereal manufacturing by the end of 26
WK Kellogg Co today announced an accelerated timeline to eliminate all artificial colors and the preservative BHT across its full portfolio of cereals and cereal packaging. Production of cereals with the new recipes, including Kellogg’s Froot Loops and Kellogg’s Apple Jacks, will begin later this year, with food shipping to retailers before year-end. The company […]
Mondelēz India appoint Vinay Subramanyam as VP marketing
Mondelēz India appointed Vinay Subramanyam as Vice President, Marketing in India, as part of a leadership transition in its India marketing team. He succeeds Nitin Saini, who has been elevated to a regional leadership role in Southeast Asia as General Manager, Indonesia. Subramanyam joins Mondelēz India with more than two decades of experience across consumer […]
Sagar Daryani-backed Wah! Foods targets ₹250 crore revenue by FY30
Wah! Foods, the company behind Wah! Puchka and Wah! Litti, has outlined plans to achieve ₹250 crore in annual revenue by FY30 as it builds a nationally recognised Indian street-food QSR platform. Currently operating across Kolkata and Pune, the company plans to strengthen its presence in existing markets before gradually expanding into new cities through […]
