Nestle to Tata, big FMCG firms race to acquire the maker of Ching’s Secret

Nestle to Tata, big FMCG firms race to acquire the maker of Ching’s Secret.

Capital Foods, the maker of Ching’s Secret spicy noodles and fusion chutneys, is up for sale, and several Indian and global companies are vying to acquire it.

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Bloomberg had earlier reported that Nestle has been discussing the terms of a potential deal for Capital Foods.

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In FY23, the company is expected to reach Rs 900 crore of revenue with a margin of 25%.

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