Major Acquisition: Patanjali Foods Takes Over Patanjali Ayurved's HPC Business

The Competition Commission of India has approved Patanjali Foods' Rs 1,100 crore acquisition of Patanjali Ayurved's Home and Personal Care business, aiming to expand its FMCG footprint. The combination involves the transfer of non-food segments like skincare and dental care products under a related party transaction.

The Competition Commission of India (CCI) has given its nod to Patanjali Foods Ltd's Rs 1,100 crore acquisition of Patanjali Ayurved Ltd's Home and Personal Care (HPC) division.

This strategic move is designed to bolster Patanjali Foods' presence in the fast-moving consumer goods sector, notably in the non-food categories such as skincare and dental care.

With roots in the processing of oilseeds and fast-moving health goods, Patanjali Foods aims to drive further growth by integrating Patanjali Ayurved's established HPC portfolio into its offerings.

(With inputs from agencies.)