Orkla-owned MTR Foods to acquire 68% stake in Eastern Condiments
Norwegian conglomerate Orkla, through its fully-owned subsidiary MTR Foods, has agreed to acquire a 67.8% stake in Indian spice manufacturer Eastern Condiments for INR 13.6 billion ($190 million). The deal will pave the way for the merger between MTR Foods and Eastern Condiments. Eastern Condiments manufactures a mix of non-vegetarian and vegetarian food products mainly […]