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Biscuit maker Anmol Industries files papers for Rs 1,800-cr IPO
Biscuit maker Anmol Industries Ltd has filed draft papers with capital markets regulator Sebi for an initial public offering (IPO) of Rs 1,800 crore. The Kolkata-based company’s proposed IPO is entirely an offer for sale (OFS) of equity shares by promoter Baijnath Choudhary & Family Trust, according to the Draft Red Herring Prospectus (DRHP) filed […]
ITC completes 100pc acquisition in Sproutlife Foods for Rs 645 crore
ITC Ltd said it has acquired the remaining 52.5 per cent stake in Sproutlife Foods Private Ltd for around Rs 645 crore, making it a wholly owned subsidiary. The company acquired 13,445 equity shares of Sproutlife Foods through a secondary purchase for cash consideration, ITC said in a regulatory filing. Following the transaction, its shareholding […]
Nestlé appoints Manuela Bernasconi as Group General Counsel; Leanne Geale to retire at year end
Nestlé’s Board of Directors has appointed Manuela Bernasconi, currently General Counsel for Zone Americas, as Group General Counsel and a member of the Group Executive Board, effective 1 January 2027. After seven years as Nestlé’s Group General Counsel, Leanne Geale will retire. Manuela Bernasconi joined Nestlé in 2007 as Legal Counsel in Corporate & Group […]
SC questions FSSAI over its proposed timeline for implementation of front-of-package labelling
The Supreme Court questioned the Food Safety and Standards Authority of India (FSSAI) over its proposed timeline for implementation of front-of-package labelling on packaged foods and asked why it wants to waste so much time when the matter relates to the health of citizens. Front-of-package labelling (FoPL) is a nutritional information graphic on food packaging […]
ITC expands dairy business in East India, bets on branded milk, value-added products
ITC is strengthening its presence in the fresh dairy segment in Eastern India through its flagship Aashirvaad brand, betting on rising demand for branded milk and value-added dairy products across Bihar, West Bengal and Jharkhand. The diversified conglomerate, which entered the fresh dairy business in 2018 with the launch of Aashirvaad milk in Bihar and […]
