What is Reliance looking to acquire in the food sector?

Reliance is in advanced talks to acquire a majority stake in Udhaiyams Agro Foods, a ₹668 crore company specializing in staples, snacks, and ready-to-cook mixes.

What is Reliance's strategy with Udhaiyams Agro Foods?

The strategy is to tap into regional markets first, similar to previous acquisitions, before a potential national rollout.

Has Reliance acquired food companies before?

Yes, Reliance has previously acquired brands like Campa soft drinks and Velvette shampoos as part of its consumer products expansion.

Home / Business and Economy / Reliance Eyes Majority Stake in Udhaiyams Agro Foods

Reliance Eyes Majority Stake in Udhaiyams Agro Foods

15 Dec

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Summary

Reliance is in advanced talks for a majority stake acquisition.
The target company, Udhaiyams Agro Foods, has a valuation of ₹668 crore.
This acquisition aligns with Reliance's strategy to tap regional markets.

Reliance Eyes Majority Stake in Udhaiyams Agro Foods

Reliance is reportedly in advanced negotiations to acquire a controlling stake in Udhaiyams Agro Foods, a prominent manufacturer of staples, snacks, and ready-to-cook breakfast mixes. The company holds a significant market presence and a valuation of ₹668 crore.

This strategic move by Reliance's consumer products division is seen as a continuation of its expansion strategy. Similar to its acquisitions of Campa soft drinks and Velvette shampoos, the aim is to first establish a strong foothold in regional markets before a nationwide rollout.

While the specifics of the deal size remain undisclosed, the acquisition signifies Reliance's intent to bolster its presence in the competitive food sector. Emails sent to both Reliance Consumer Products Ltd and Udhaiyams Agro Foods had not received a response at the time of reporting.