Reliance in talks to buy majority stake in Udhaiyams Agro Foods

Reliance in talks to buy majority stake in Udhaiyams Agro Foods

Reliance’s consumer products arm is in advanced discussions to acquire a majority stake in Udhaiyams Agro Foods, a Chennai-based maker of staples, snacks and ready-to-cook mixes valued at around ₹668 crore. The deal, if completed, would expand Reliance’s FMCG portfolio and help it compete with brands such as Tata Consumer Products, iD Fresh and MTR in regional markets.

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