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Soufflet Malt invests €100m in India to build AI-driven malthouse
Soufflet Malt has today announced plans to build a tech-driven, AI-integrated malting facility in South Rajasthan, India, as part of an INR 1,200 crore (approx. €100 million) investment.
Marico has signed definitive agreements to acquire a 60% stake in Cosmix Wellness Private, the owner of digital-first functional wellness brand Cosmix, at an equity valuation of approximately ₹375 crore (approx. $41.5 million).
Indian hot condiments brand Kaatil has expanded its product lineup with the launch of Hot Barbeque Sauce No. 9, a spicy new addition built around the country’s legendary Bhoot Jolokia chilli.
Ball Corporation invests $60m to expand aluminium can production in India
Ball Corporation is expanding its manufacturing footprint in India with a new investment of around $60 million in its Sri City facility in Andhra Pradesh.
Coca-Cola reportedly considering taking Indian bottling unit public in potential $1bn deal – Bloomberg
According to Bloomberg News, Coca-Cola is considering an initial public offering (IPO) for its Indian bottling unit – Hindustan Coca-Cola Beverages – in a deal that could be valued at $1 billion.
Keychain secures $30m in Series B funding to enhance AI-driven CPG platform
Keychain, a start-up in the consumer packaged goods sector, has secured $30m in Series B funding, in a round led by Wellington Management, with participation from BoxGroup.
Pernod Ricard India sells Imperial Blue division to Tilaknagar Industries
In a realignment aimed at enhancing its focus on premium brands, Pernod Ricard India has entered into a definitive agreement to divest its Imperial Blue business division to Tilaknagar Industries.