Mumbai – CFI India is pleased to announce that they acted as financial advisor to Kusum Spices when Foods & Inns Limited maked controlling investment in Kusum Spices.
Foods & Inn is a listed company on Bombay Stock Exchange (BSE) and is in the business of manufacturing mango and guava Pulp. It has a sales turnover of Rs 340 crore for 31st March 2019. Out of which exports comprises 65% and 35% in the domestic market. Most of the customers are Fortune 500 companies including Coca Cola Corporation and PepsiCo.
Kusum Spices is manufacturer and exporter of « Kusum » brand of spices offering more than 70 products under Ground, whole and blended spices. Over decades, Kusum Spices has become a trusted household commodity not only in India but abroad as well in countries like USA, UK, Oman, UAE, etc.
has acquired a majority stake in
All activities of
have been transferred