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INDIAN CONDIMENT
Veeba Food is said to plan IPO to raise up to $200 millionVRB Consumer Products, maker of Veeba sauces, is preparing an IPO that could raise up to $200 million. The firm has hired Axis Capital, Mot...- Move over, Tabasco! Indian chillies are turning up the heat on global hot sauce brandsDespite being one of the largest producers of chilli, India never indulged in taking over the global hot sauce market until some home-grown...
- MTR parent's revenue growth slows on weak demandOrkla's revenue in India increased by 4.3% to ₹2,533 crore in 2024, hindered by high prices affecting demand, especially in rural areas. Th...
- MTR Foods parent Orkla India restructures board ahead of its planned IPOOrkla India, which owns MTR and Eastern spices, appointed four non-executive independent directors to its board ahead of a planned $300 mil...
- 8 unique chutneys from across India you need to tryIndian cuisine is incomplete without chutneys, and each region has its own flavorful twist. From tangy to spicy, these chutneys elevate any...
- MTR owner Orkla India to sell 10-15% via IPO, raise $300 millionOrkla India, owner of MTR and Eastern spices, is in early discussions to raise around $300 million via an IPO. The company aims to list bet...
- MTR Foods owner Orkla India explores IPO, eyes 2025 decision"We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of t...
- Secret's Out: Global and local food cos set to spice up their portfolio as Capital Foods up for grabsNestle, Tata, Nissin, HUL, ITC, Dabur, Kraft Heinz among those expected to bid in $1.5-2 billion deal, IPO an option too.
- NCLT approves Viraki Consortium’s resolution plan for Himadri FoodsHimadri Foods was admitted by the Mumbai bench of National Company Law Tribunal (NCLT) under Corporate Insolvency Resolution Process on Dec...
- Homegrown condiments firm Spice Story enters US market through Amazon, eyes other international marketsThe company that offers ethnic Indian chutneys in a modern sauce format, expects to treble sales next fiscal, helped by increased penetrati...
- MTR Foods acquires controlling stake in Eastern Condiments“The transaction will double Orkla’s net sales in the fast growing Indian market, and the combination of MTR and Eastern will create a stro...
- Demand for baking ingredients increase amid Covid lockdownThe demand for processed food category which comprises baking condiments like baking soda, baking powder, cocoa powder have grown 60-70% in...
- Shashi Tharoor shares picture of idli breakfast with 10 condiments, Twitterati slam him for insensitivityThe Congress MP tweeted the picture to mark World Idli Day.
- Eastern Condiments promoters look to sell majority stakeMeeran family holds 74% in co; McCormick too plans to sell its 26%
- This common condiment used in Indian cuisine can help prevent stomach cancerThe yellow powder derived from the roots of the turmeric plant have therapeutic effects.
- US discovers a haldi alternativeThe American propensity to put turmeric in their infusions and lattes — spiced up further with cinnamon and vanilla — will strike many Indi...
- Why buy when the same can be cooked at home, new mantra of Indian consumersThis indicates that while consumes are cutting down on eating pizza and burgers at stores like Domino’s, Pizza Hut or McDonald’s, they are ...
- Mrs Bector’s in talks with PEs to raise Rs 150 croreMotilal Oswal Private Equities currently owns 22 per cent in Mrs Bector’s, which it bought out from the Goldman Sachs’ arm in 2010.
- US Equity fund to invest USD 10 mnThe company also had plans to foray into into North Indian states, he said.
- Goldman Sachs set to buy stake in Cremica for $15mGoldman Sachs' private equity fund is in talks with the Ludhiana-based Cremica to pick up an equity stake for around $15m.
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