Bengaluru: Indorama Ventures Europe (IVE) will acquire a minority stake of about 24.9% in EPL Limited, a global specialty packaging company and manufacturer of laminated tubes, from private equity firm Blackstone for $200 million. The sale, which is expected to be completed in the coming months, is pegged at ₹240 a share and is subject … Read more
New Delhi: ITC Ltd on Thursday signed definitive agreements to acquire frozen food and ready-to-cook foods brand Prasuma. This acquisition will fortify the company’s presence in such future-facing categories, which the company said has a current annual market size of over ₹10,000 crore and is poised for rapid growth in the years ahead. In a filing … Read more
Not only farmers were angry over the paddy purchases, brokers and rice millers also staged protests. Everyone is resentful and angry for a reason. Farmers in Punjab have taken to the streets amid slow government procurement. The market is full of paddy but it is not being purchased as the government has no space to … Read more