The Competition Commission of India (CCI) has granted approval to the proposed acquisition of a certain shareholding in Haldiram Snacks Food Private Limited by L Catterton India Fund, providing regulatory clearance to a significant investment in India’s fast-growing packaged food sector. The approval was announced on Tuesday, confirming that the…
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Why ITC Is Avoiding Acquisition Rush in Premium Personal Care
As India’s premium personal care market witnesses a flurry of mergers and acquisitions, ITC Ltd is deliberately steering clear of the buying frenzy. While several fast-moving consumer goods (FMCG) companies are snapping up venture capital-backed, digital-first brands, ITC is choosing a slower and more selective path. The company believes that…