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PRASUMA ACQUISITION
Marico to acquire majority stake in protein supplement brand Cosmix valuing it at Rs 375 croreMarico will acquire a 60% stake in plant-based nutrition brand Cosmix, valuing the startup at Rs 375 crore. Founded in 2019, Cosmix is boot...- ITC has much food for thought: Co pitched big growth in its packaged foods biz, but numbers tell otherwiseIndia's largest cigarette maker ITC is experiencing a slowdown in its food business. Market share has flattened or declined in biscuits, we...
- ITC lines up Rs 20,000 crore capex, aims to improve FMCG marginsITC will invest twenty thousand crore rupees across businesses. This investment will occur over the medium term. The company recently estab...
- ITC shares in focus after completing Rs 131 cr acquisition of Ample FoodsITC shares: ITC has acquired a 43.75% stake in Ample Foods Private Limited for Rs 131 crore, strengthening its position in the fast-growing...
- ITC looking to spice up South India with a $1.4bn MTR deal: ReportIndian conglomerate ITC Ltd. is in early talks to acquire MTR Foods and Eastern Condiments from Orkla ASA for $1.4 billion. The acquisition...
- ITC needs to step up FMCG play amid high costs, falling marginsITC’s multi-business structure helped achieve an 8% revenue increase in the December quarter despite sluggish profitability, mainly due to ...
- ITC to acquire Prasuma, expanding footprint in frozen, ready-to-cook foodsPrasuma now has a presence in 100+ cities across all online, and offline channels and cloud kitchens. Its direct-to-consumer channel “Meati...
- ITC shares drop 2% after Q3 PAT declines 7% YoY. Should you invest?ITC reported a 7% decrease in net profit for Q3 of FY25, despite an 8% rise in revenues. The company saw revenue growth in its cigarette, h...
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