Vadilal ice cream eyes a ₹1,000 crore PE flavour3 min read . Updated: 23 Jan 2020, 12:13 AM IST
- The promoters of Vadilal are in advanced talks with two PE firms to sell their entire stake in the ice cream maker
- Vadilal Industries’ profit was ₹31 cr, while Vadilal Enterprises posted a profit of ₹8.9 lakh in the year ended 31 Mar
MUMBAI : The feuding promoters of Vadilal Industries Ltd are in advanced talks to sell their entire stake in the ice cream maker and its domestic distribution business to a combine of Arpwood Partners and PAG, two people aware of the development said.
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