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Why are FMCG firms chasing Ching's Secret maker | The Financial Express financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Tata Consumer Products Ltd (TCPL) has emerged as the frontrunner to acquire Capital Foods Pvt Ltd, the maker of condiments, food products and ingredients under the Ching s Secret and Smith & Jones brands, ending weeks of protracted negotiations, said people with knowledge of the matter. ....
Will buy around 70% in first tranche; existing shareholders finalising rollover plans. Nestle, Kraft Heinz were the other contenders in fray. The potential buyout will pit Tata co against Nestles Maggi, which leads the Rs 5,000 crore branded instant noodles market. ....