 "britannia")
Britannia Industries and Bel SA, a French cheese maker, have announced that they have entered into a joint venture (JV) to develop, manufacture, market, distribute, trade and sell cheese products in India and certain other territories, it said in a stock exchange filing.
Bel shall acquire 49 per cent stake in Britannia’s wholly owned subsidiary BDPL (Britannia Dairy Private Limited) for Rs 262 crore and the entity thereafter shall be renamed as ‘Britannia Bel Foods Private Limited’. The JV has a lock‐in period of 20 years from its effective date for both parties.
The cheese products will be produced in
