Sensex 29559.18 -11.86 -0.04%
Nifty 8914.3 3.8 0.04%
The meeting of the Board of Directors of Nestle India Ltd will be held on December 07, 2009, inter-alia, to consider the proposal of Speciality Foods India Pvt. Ltd. for a possible acquisition of its Healthcare Nutrition Business (revenue for the year ended March 31, 2009 - Rs288mn) by Nestle India Ltd., on terms and conditions as may be mutually agreed.
The product portfolio under the Healthcare Nutrition Business is meant to satisfy the needs of consumers with special nutritional requirements and sold in India under brands like RESOURCE, OPTIFAST, SPERT.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.