BIKANERVALA FOODS CONFIRMS EQUITY TALKS – BUT NO SALE DECISION MADE YET, SAYS DIRECTOR
April 1st, 2017
India’s snacks and confectionery manufacturer Bikanervala Foods has confirmed to just-food that it is holding discussions about partial sale of an equity stake, but a final decision has yet to be made, said an executive. Manish Aggarwal, director of Bikanervala Foods in New Delhi told just-food: “We certainly meet them [potential investors] as they are from the industry, but we have not told anyone that we are ready to sell.” As for who might buy a stake, he would not be drawn “on what kind of a company it would be”.
His comments follow reported ...
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