Adani Wilmar acquires popular rice brand Kohinoor : Rashtra News #Adani #Wilmar #acquires #popular #rice #brand #Kohinoor Adani group company, Adani Wilmar has announced it would acquire popular rice brand Kohinoor from McCormick Switzerland GMBH. The takeover will give Adani Wilmar an exclusive rights over the brand Kohinoor Basmati rice along with 'Ready to Cook',
Adani is expecting $2.5-3 billion for the stake in the joint venture with Singapore-based Wilmar International, which too owns 43.97% of the company, they said. A deal is likely to be finalised within a month, though neither of the companies has confirmed it.
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