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