Reliance Consumer, the company of India and Asia’s largest industrialist Mukesh Ambani, has acquired another company. In the last few years, Mukesh Ambani’s company Reliance has invested in different sectors. Today we will tell you for how many crores Mukesh Ambani has bought the Paan Pasand manufacturing company. Let us know how old was this company that made Paan Pasand Toffee.
Paan Pasand Toffee
Most of the people must have heard the name of Paan Pasand Toffee. Now the company that manufactured it has been bought by Reliance Retail Ventures’ FMCG company Reliance Consumer Products. Let us tell you that Rawalgaon Sugar Company is about 82 years old company. According to the information, this deal has been done for Rs 27 crore. After this deal, the company’s trademarks, recipes and intellectual property rights have now come to Reliance.
When was the company started?
Let us tell you that businessman Walchand Hirachand had established a sugar mill in 1933 in Rawalgaon village of Nashik district in Maharashtra. After this, in 1942, this company started making toffee under Ravalgaon brand. This company has nine brands like Paan Pasand, Mango Mood and Coffee Break.
Reliance Consumer Products
For some time now, Reliance Retail Ventures’ FMCG The company Reliance Consumer Products is expanding rapidly in the world through partnerships and acquisitions. Even before this, the company has included brands like Campa, Toffeeman. However, Reliance Consumer Products has not issued any statement regarding this deal. At the same time, Ravalgaon Company gave information about this deal in an exchange filing last Friday (February 9). According to reports, Rawalgaon Sugar Company has been facing losses for some time. At the same time, the company’s share in the market had also reduced. According to reports, the company has been sold due to losses.
