ConAgra Foods & Agro Tech Foods End Partnership
ConAgra has divested its majority share in the company.
Source: powderbulksolids.com
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Conagra in talks to sell controlling stake in India biz Agro Tech Foods
Conagra’s 51.77 percent stake in Agro Tech Foods is worth Rs 1,123 crore at the current market price of its shares. Rakesh Jhunjunwala family holds an 8.14 percent stake in the company
Source: moneycontrol.com
Moneycontrol Selects: Top stories this morning
Our specially curated package of the most interesting articles to help you stay at the top of your game.
Source: moneycontrol.com
Agro Tech Foods stock jumps 15% on news that Conagra plans to sell stake to private equity
Conagra Brands’ 51.77 percent stake in Agro Tech Foods was worth Rs 1,123 crore at the time of reporting that the US based packaged foods company is looking to sell a controlling stake in its Indian business.
Source: moneycontrol.com
How ITC succeeded in pivoting from its traditional tobacco business to FMCG under Sanjiv Puri
A look at ITCs top line shows the revenue share of its tobacco business has nearly halved—from 62% in FY14 to 37% in FY23. This change cant come about unless you understand the Indian consumer. Sanjiv Puri, chairman and managing director of ITC, is among the few executives who has a finger on their pulse. In an exclusive interaction with ET, Puri talks about how the FMCG behemoth came to be.
Source: indiatimes.com