FMCG Sector

Its Talegaon plant would be operational by the fourth quarter of 2024, producing the Lottee range of premium ice cream.

According to the agreement, HUL will acquire the remaining 49% within the next 36 months.

Marico was also 2.3% higher at Rs518.10 per piece to push up the index.

The acquisition is for a consideration of Rs70 crore.

The 100-year-old company is a major player in the domestic soft drinks market.

Badshah Masala Private Limited has become a subsidiary of Dabur India Limited w.e.f. January 02, 2023.

RCPL would make a Public Announcement to the public shareholders of LOTUS to acquire up to 33,38,673 equity shares of LOTUS.

The move is aimed at increasing domestic supplies and bringing down prices of cooking oils.

Edelweiss Financial Services and ICICI Securities have been appointed as lead managers of the IPO.

Burman family has sold off its stake to raise funds for financing some of its ventures.