Reliance Consumer Products Limited has announced that it will acquire a 50% stake in Gujarat-based beverage company Sosyo Hajoori Beverages (SHBPL).
The 100-year-old company is a major player in the domestic soft drinks market, with brands including Sosyo, Kashmira, Lemee, Ginlim, Runner, Opener, Hajoori Soda, and S'eau. The existing promoters, the Hajoori family, will retain control of SHBPL.
Reliance Industries' FMCG arm stated that it intends to empower Indian consumers with a bouquet of indigenously developed consumer brands and products that offer superior value. The brand portfolio of the company includes the beverage brand Campa and the packaged consumer products brand 'Independence,' which was launched earlier this month.
Reliance announced last week that it would acquire a 51% stake in Lotus Chocolate Co from its promoters for Rs74 crore and make an open offer to public shareholders to acquire the remaining 26%.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.