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As a results of this transaction, Leila Lands would increase its shareholding in Britannia Industries Limited (BIL) from 25.48% to 50.96%.
BBL holds an indirect 25.48% stake in BIL, an India-based bakery products company. BBTC is an India-based producer of tea, coffee, cardamom, black pepper, and rubber.
Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2009-04-06
Deal Participants
Target (Company) Britannia Brands Limited Acquirer (Company) Leila Lands Limited Vendor (Company) Danone Asia Pte., Ltd.
% Acquisition 25.1%
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