Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 20 2015

Future Group buys 51 per cent stake in Sublime Foods

Sublime, a JV between FCEL and Bhandari Group, is engaged in the business of food and food based products including manufacture and distribution of processed food items.

Future Consumer Enterprise Ltd (FCEL), part of Kishore Biyani-led Future Group, has announced that is buying 51 per cent stake in Sublime Foods for an undisclosed amount.

The food and confectionery manufacturer has become a subsidiary of the company after this.

The company informed the BSE that “it has made investment by way of subscription to the equity shares of Sublime, in terms whereof equity shares aggregating to 51 per cent of the paid-up share capital of Sublime, have been allotted to the company".
However, Future Group has not disclosed the amount which it has spend to raise its stake.

"We consider that the processed and packaged food industry holds immense potential, and is poised towards growth," the company added.

Sublime, a JV between FCEL and Bhandari Group, is engaged in the business of food and food based products including manufacture and distribution of processed food items like specialty sauces, salad dressings, cooking pastes, spreads and dips.

It has a production facility in the company's India Food Park located in Tumkur Karnataka.

Comment
Related opportunities
  • About Us: My Hotline is a Cloud Communication and Business Solutions..
    Locations looking for expansion Punjab
    Establishment year 2002
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets No Outlets
    Franchise Type Unit, Multiunit
    Headquater Jalandhar Punjab
  • CAD/CAM/CAE & Multimedia
    About Us: CogniznR is a venture of Rudrabhishek Infosystem Pvt. Ltd...
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • Hotel Chain
    About Us: MINT Brand was founded in Nov. 2015 with a..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ice creams & Yogurt Parlors
    About Thanco's Natural ice cream :-Though many things have changed from..
    Locations looking for expansion Karnataka
    Establishment year 2006
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities