UB to invest Rs 400cr in brand acquisitions
New Delhi: UB group plans to invest a large chunk of the Rs 400 crore it expects to raise from sale of 26 per cent stake in BrewCo in acquisition of brands and takeover of companies.

Kotak Mahindra and Goldman Sachs have valued the company at Rs 1,450 crore.

Four international liquor majors Heineken, Carlsberg, Interbrew and South African Breweries (SAB) had shown interest in acquiring 26 per cent equity in UBs brewery division. Subsequently, Heineken pulled out of the race.
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Britannia reports Rs 80-cr sales of Tiger brand
Mumbai: Britannia Industries Ltd has garnered sales of about Rs 80 crore on volumes of around 20 crore packs for the biscuit brand Tiger. The company had tied up with Aamir Khan productions for brand promotion.

The company announced the names of 13 winners of the Lagaan contest who would be participating in the Lagaan match in Mumbai on 25 December.
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Jaud SA to acquire stake in Voltas subsidiary
New Delhi: Jaud SA of France has firmed up plans to pick up equity in Perfect Moulds, a wholly-owned subsidiary of Tata Group company Voltas Limited.

Jaud SA will acquire shares in Perfect Moulds for a total consideration of Rs 2.10 crore.

Perfect Moulds (PML) has continued to incur losses despite recording higher sales in 2000-01 at Rs 8.14 crore against Rs 6.63 crore in the previous fiscal.
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