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FMCG contract manufacturer Hindustan Foods Ltd on Monday announced the acquisition of ayurvedic, herbal beauty care and cosmetic products facility of Ultra Beauty Care Pvt Ltd in Maharashtra for Rs 19.9 crore. The company has executed a Business Transfer Agreement (BTA) on March 23, 2026 with Ultra Beauty Care Pvt Ltd and its authorised representatives, for acquisition of the business undertaking at C-15, Five Star Industrial Area MIDC Shendra, Aurangabad, Maharashtra, Hindustan Foods Ltd (HFL) said in a regulatory filing. The acquisition is in line with HFL's strategy to enter contract manufacturing and expansion of its business into a comprehensive range of ayurvedic, herbal beauty care and cosmetic products, it added. The company identified the facility as a suitable acquisition target because it is into contract manufacturing of a comprehensive range of ayurvedic, herbal beauty care and cosmetic products. On the value of acquisition, HFL said it will be acquired for a cash ...
Reliance Consumer Products, the FMCG arm of Reliance Industries, on Monday said it has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group. This partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statement. Through this partnership, which is subject to customary legal and regulatory clearances, Reliance Consumer Products Ltd (RCPL) will introduce its FMCG products to consumers in Nigeria, leveraging TGI's FMCG manufacturing and distribution experience and network, it added. "The partnership between RCPL and Tropical General Investments (TGI) Group aims to strengthen RCPL's market presence on the global stage," it said. RCPL Director T Krishnakumar said: "TGI Group is a diversified and trusted partner, and their deep expertise and decades-long presence in sectors such as FMCG, culinary, and agribusin