India: Hindustan Foods Limited to acquire Ultra Beauty Care
Hindustan Foods Limited (HFL) has signed a business transfer agreement to acquire the manufacturing undertaking of Ultra Beauty Care. The transaction, executed on 23rd March, is being conducted on a slump sale basis. The acquisition is valued at 19.9 crore INR ($2.4 million) and involves a facility in Aurangabad dedicated to the manufacturing of ayurvedic […]