Danone Aims to Increase Stake in Epigamia to 60%
French food conglomerate Danone is in discussions to double its stake in Indian Greek yogurt and fruit dessert brand Epigamia from 30% to 60%. This move involves acquiring the 30% share currently held by Belgian private equity firm Verlinvest. Both Danone and Verlinvest presently hold approximately 30% each in Epigamia’s parent company, Drums Food International. […]
Godrej Agrovet to acquire 48% stake in Creamline Dairy
Godrej Agrovet Ltd announced that its board has approved the acquisition of the remaining 48.06 per cent equity stake in Creamline Dairy Products Limited (CDPL), making it a wholly owned subsidiary of the company. The cost of the acquisition is Rs 930 crore. In an exchange filing on Tuesday, the company confirmed that the board has […]