Recent acquisitions in the Indian FMCG sector

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The Indian packaged food sector, a key part of the FMCG industry, has a market size of $113.9 billion in 2023.

The packaged food industry has seen an uptick in M&A activities lately. Here is a list of some of the most recent acquisitions.

Prasuma-ITC

ITC has signed an agreement to acquire a 100% stake in Prasuma, a frozen food maker. It acquired the first tranche of 43.8% for ₹131 crore on February 6, 2025. Image: Linkedin/Prasuma

CocaCola-Jubilant Bharti Group

The Jubilant Bharti Group signed a deal to acquire 40% stake in Hindustan Coca-Cola Beverages (HCCB) for ₹12,500 crore on December 11, 2024.

Del Monte Foods-Agro Tech Foods

Agro Tech Foods became a 100% stakeholder in Del Monte Foods in a swap deal of ₹1,300 crore on February 6, 2025.

Ariba Foods-Bikaji

Bikaji Foods International acquired a 55% stake in Ariba Foods for ₹60.49 crore on September 4, 2024.

The Hazelnut Factory-Bikaji

Bikaji Foods Retail on October 6, 2024, signed a deal worth ₹131 crore to acquire a 53.02% stake in the Hazelnut Factory, a Lucknow-based cafe. Image: Instagram/thf.india

Haldirams-Temasek

Singapore-based Temasek is set to acquire a 10% stake in Haldiram's for ₹8,500 crore.

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