Future Consumer hikes stake in Integrated Food Park
Future Consumer Ltd., the publicly-held company of Future Group, has increased its stake in Integrated Food Park Pvt. Ltd. (IFPPL) to 99.93% by buying the stake from Capital Foods Pvt. Ltd.
Integrated Food Park Private Limited (IFPPL) is a PPP project, which has been approved by the Ministry of Food Processing Industry to set up a mega food park in Karnataka. The main promoters of IFPPL include Future Consumer Ltd., Capital Foods Ltd. and Sattva Developers.
Terms of the deal was not disclosed.
Source: The Hindu