Murmura to granola! Haldiram s sets eyes on India s health food market
Haldiram s recently entered into a 51:49 joint venture with South African health food company, Futurelife (it was earlier in talks with Kellogg s for a JV), under which it launched products such as granola, protein powders and oats
Ajita Shashidhar | March 15, 2021 | Updated 15:39 IST
A.K. Tyagi, Executive Director, of the country s largest snack-maker, Haldiram Snacks, claims that traditional Indian namkeens are healthier than most of their western counterparts. All our namkeens are made out of moong dal, channa dal or besan. They are high in protein and gluten-free too, he says. Though the snack-maker is aggressively expanding its health food portfolio, Tyagi believes the market for traditional snacks will always be bigger. Health foods may grow faster on a lower base. India has a problem of malnutrition too, so, there will be a large set of consumers who would want to consume fried food, he further expl
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NCLT passes order to liquidate dairy firm Kwality
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AAA The National Company Law Tribunal (NCLT) has directed to liquidate debt-ridden dairy firm Kwality Ltd after the company failed to finalise any bidder within the specified time-frame. The NCLT had directed to initiate insolvency proceedings against Kwality Ltd on December 11, 2018 over the plea filed by the financial creditors Punjab National Bank and KKR India Financial Services. A two-member bench of the Delhi-based NCLT observed that despite extension in the insolvency timeline, the lenders of the Kwality failed to finalise any potential buyer for the company. The Committee of Creditors (CoC) had received only one resolution plan for the company from a consortium of Haldiram Snacks and Pioneer Securities, but the bid could not get approved with the required majority of 66 per cent votes of lenders.
New Delhi: The National Company Law Tribunal (NCLT) has directed to liquidate debt-ridden dairy firm Kwality Ltd. The direction came after Kwality Ltd failed to finalise any bidder within the specified time-frame. The NCLT had directed to initiate insolvency proceedings against Kwality Ltd, December 11, 2018. It did so over the plea filed by the financial creditors Punjab National Bank (PNB) and KKR India Financial Services.
A two-member bench of the Delhi-based NCLT observed that despite extension in the insolvency timeline, the lenders of the Kwality failed to finalise any potential buyer for the company. The Committee of Creditors (CoC) had received only one resolution plan for the company from a consortium of Haldiram Snacks and Pioneer Securities, but the bid could not get approved with the required majority of 66 per cent votes of lenders.