Reliance in talks to acquire Udhaiyams Agro Foods stake
after close1 source ↓written by the desknot a recommendation
Reliance Industries is reportedly in advanced talks to acquire a majority stake in Udhaiyams Agro Foods, a Chennai-based company with annual revenue of ₹668 cr. This move would position Reliance against established players like MTR and Tata Consumer Products in the packaged food sector. The promoters are expected to retain minority stakes post-acquisition.
This acquisition could enhance Reliance's footprint in the South Indian market, potentially impacting competition and market dynamics in the FMCG sector.
Not investment advice. For informational purposes only.