Reliance Industries News: Reliance Industries Limited is in talks to acquire brands like Lahori Jeera and Bindu Beverages apart from other brands like Garden Namkeen from KevinCare to strengthen its fast-moving consumer goods (FMCG). As per the ET report, Reliance has identified a few brands that can be bought to strengthen the FMCG business.
Reliance is in discussions with CavinCare to buy brands like Garden Namkeens and Lahori Jeera and Bindu Beverages. Experts in this matter told the Economic Times that Reliance is in the advanced stage of talks with the three companies. Let us tell you that Lahori offers drink variants in flavors like Jeera Lemon, Raw Mango and Shikanji.
plans to expand consumer goods business
According to the person with knowledge, acquiring more brands in the FMCG sector is in line with the company’s strategy. In all three cases, Reliance is currently negotiating the terms of the deal. Reliance Retail Vendors Limited is the holding company of all retail companies under the Reliance Industries Group. It is being told that Reliance Industries (RIL), controlled by veteran industrialist and India’s second richest person Mukesh Ambani, has plans to expand the fast growing consumer goods business. In this episode, the company is planning to acquire some FMCG brands.
Isha Ambani had announced
It is to be known that recently the Ambani-led company had acquired soft drink brand Campa from Delhi-based Pure Drinks Group for Rs 22 crore. At the same time, during the 45th AGM of Reliance Industries (RIL AGM) on 29 August, Isha Ambani, Director of Reliance Retail, announced her FMCG business plans, said that the company will start its fast-moving consumer goods FMCG business this year. He had said that I am happy to announce that this year we will launch our fast growing consumer goods business. The objective of this business is to develop and distribute high quality, affordable products that meet the daily needs of every Indian.