Coca-Cola bottlers to invest ₹25,760 crore in India’s food processing sector

Three Coca-Cola bottlers in India will jointly invest ₹25,760 crore ($2.96 billion) to expand the country’s food processing infrastructure and have signed memoranda of understanding with the Ministry of Food Processing Industries for greenfield and brownfield projects, according to an industry official. SLMG Beverages, Hindustan Coca-Cola Beverages (Coca-Cola’s wholly-owned bottling arm), and Kandhari Group of … Read more

Natco Pharma mulls demerger of agro business

Generic drugmaker Natco Pharma is considering spinning off its agro business, a move for which it got an in-principle approval from the board on Thursday. The board of directors has given in-principle approval to evaluate the demerger of the agro business of the into a separate entity. The management is of the opinion that the … Read more