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Rasoi Ltd to venture into baby care products market

While the company will stop manufacturing vanaspati/edible oils, it will sell trademarks and copyrights related to 'Rasoi' brand to Emami Biotech Ltd for Rs 13 crores

Rasoi Ltd’s manufacturing facility

Rasoi Ltd, a part of Raghu Mody-controlled The Rasoi Group, is planning to set up facility for baby care products at Banganagar, West Bengal, while exiting the vanaspati and edible oil business. The Board of Directors of the company has also decided to assign the trademarks and copyrights related to ‘Rasoi’ brand to Emami Biotech Ltd for a total consideration of Rs 13 crores.   To set up a state-of-the-art manufacturing facility for baby care products, Rasoi will use its existing land at its Banganagar factory, where it at present makes vanaspati and edible oils. The ...