Reliance in Talks to Acquire Majority Stake in Udhayam Agro Foods for ₹668 Crore
Reliance Industries is in talks to acquire a majority stake in Udhayam Agro Foods for ₹668 crore. This deal would be similar to Reliance's deals with Campa soft drinks and Velvet shampoo, in which the company first enters regional markets. Udhayam competes with Tata Consumer Products and MTR. Reliance Retail recently transferred its FMCG business to the new RCPL.
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