Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Danone may acquire Catch and Aava
BackBack

Danone may acquire Catch and Aava

Danone may acquire Catch and Aava

Premium

Reuters

Mumbai: French food company Groupe Danone has shortlisted acquisition targets in the Indian bottled water market, including DS Group’s Catch and Sheelpe Enterprises’ Aava.

Danone, which also imports its Evian water brand in India, has been reported to be keen on increasing its presence in the beverages and dairy business in India, which are growing quickly on the back of rising incomes and the expansion of modern trade.

Danone has a stake in India’s top biscuit maker Britannia Industries Ltd. Sources also suggest that the consumer goods unit of Wipro Ltd. was in talks to buy India’s top bottled water brand, Bisleri. Though founder of Bisleri told a television news channel on 26July that he was not in talks for a stake sale.

PepsiCo Inc.’s Aquafina, Mount Everest Mineral Water’s Himalayan and Coca-Cola’s Kinley also compete in the market for bottled water, which is estimated at Rs20 billion.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 27 Jul 2007, 12:04 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App