Reliance Consumer Products (RCPL) has acquired the trademarks, recipes, and all intellectual property rights of sugar-boiled confectionery maker Ravalgaon for Rs 27 crore, according to a disclosure by Ravalgaon Sugar Farm Ltd. Ravalgaon owns nine confectionery brands, including Pan Pasand and Coffee Break, aligning with RCPL s strategy of acquiring distressed old Indian brands and relaunching them, similar to its previous acquisition of the Campa soft drink brand.
In his petition, Agarwal said he is an interested party as he has worked for the Adani Group as a contractor for its projects and has closely observed the working of the conglomerate and that he would like to assist the apex court to protect the larger interest of investors.
India Business News: Reliance Retail Ventures serves as the holding company for all retail businesses of Reliance Industries. The allotments took place on February 1 and M
Reliance Retail Ventures is investing Rs 300 crore in its newly-formed fast-moving consumer goods (FMCG) business, Reliance Consumer Products (RCPL), through optionally fully convertible debentures. This is the first major capital infusion by the promoters into the business, which aims to expand nationally in the FMCG sector. RCPL has already infused Rs 277 crore into the business, as per its last fiscal financial statement.
The move marks further portfolio expansion of RCPL in India’s packaged consumer goods market where it already sells beverages, biscuits, edible oils, pulses, grains, soaps and detergents