MNS Pro
MONEY NOT SLEEP
  • India Market
  • International Market
  • Crypto
  • International News
  • हिंदी मे
No Result
View All Result
  • India Market
  • International Market
  • Crypto
  • International News
  • हिंदी मे
No Result
View All Result
MONEY NOT SLEEP
MNS Pro
Home India Market

Reliance Consumer Products will buy a 50% stake in Sosyo’s makers

moneynotsleep by moneynotsleep
January 4, 2023
in India Market, Stock Market
0
Relience Retail with Mukesh Ambani Picture
0
SHARES
5
VIEWS

Reliance Consumer Products (RCP), a subsidiary of Reliance Retail Ventures (RRV), has announced that it will acquire a 50% stake in Sosyo Hajoori Beverages, a Gujarat-based company that owns the popular soft drink brand Soyso. The Hajoori family, the current owners of Sosyo Hajoori Beverages, will retain the remaining stake in the century-old company.

Sosyo Hajoori Beverages is a leading player in the domestic soft drinks market, with a portfolio that includes various beverage brands and over 100 flavors developed through its expertise in formulation. The Sosyo brand, which was established in 1923 by Abbas Abdulrahim Hajoori as part of the Swadeshi movement for Indian independence, has a loyal customer base in Gujarat.

The acquisition will allow RCP to further expand its portfolio in the beverage sector, leveraging Sosyo’s expertise in formulation to develop new products and offer a range of Indian consumer brands and products with superior value. RCP is also creating a retail distribution network for its consumer brands.

Also Read: Union Budget 2023: what should you anticipate

Isha Ambani, executive director of RRV, said in a statement, “We welcome the desi power of the century-old Sosyo’s heritage beverage brands to our consumer brand portfolio and are confident that our knowhow, consumer insights, and retail distribution strengths will help accelerate the growth momentum of Sosyo.”

Abbas Hajoori, chairman of Sosyo Hajoori Beverages, added, “We are delighted to enter into this partnership with Reliance Consumer Products, a strong and willing partner that can help Sosyo rapidly scale up its reach. Combining our relative strengths, we would make the unique-tasting beverage products of Sosyo accessible to all the consumers in India.”

This joint venture will allow Reliance to further strengthen its portfolio in the beverage segment, following the acquisition of the iconic brand Campa. In addition, Sosyo’s expertise in formulation can be leveraged to develop unique value propositions for the product portfolio and consumers. RCP intends to offer a bouquet of Indian consumer brands and products with superior value, and its brand portfolio already includes Campa and packaged consumer products brand Independence.

Related

Tags: Hajoori BeveragesJoint VentureReliance Retail
Previous Post

Suhail Sameer steps down as CEO of BharatPe

Next Post

RBI to start auction of sovereign green bonds

moneynotsleep

moneynotsleep

Next Post
RBI Sovereign green bonds

RBI to start auction of sovereign green bonds

Stay Connected test

  • 23.7k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Stock market loopholes in India

8 Major Stock Market Loopholes In India

December 3, 2022
New York Stock Exchange (NYSE), USA

Top 10 biggest stock exchanges in the world 2022

November 26, 2022
Top Stock Market Investors In India 2022 And Their Portfolios

Top Stock Market Investors In India 2022 And Their Portfolios

December 1, 2022
stocks for swing trading

How To Select Stocks For Swing Trading

November 30, 2022
New York Stock Exchange (NYSE), USA

Top 10 biggest stock exchanges in the world 2022

3

Amazon is the latest company to join the wave of layoffs, following Meta and Twitter

2
TATA TECH IPO

Tata Tech IPO Is Coming: First IPO After 18 Years

2
Union Budget 2023

Union Budget 2023: what should you anticipate

2
Adani enterprise share price

Adani enterprise share price falls as it calls off 20000 crores FPO.

February 2, 2023
Harsha Engineers International ltd

Harsha Engineers International ltd IPO stock price and latest news.

February 2, 2023
Union budget of india

Union budget of India 2023- From new income tax slabs to PAN Card, everything you need to know.

February 1, 2023
Economic Survey 2023 Highlights

Economic Survey 2023 Highlights: All you need to know 

January 31, 2023

Recent News

Adani enterprise share price

Adani enterprise share price falls as it calls off 20000 crores FPO.

February 2, 2023
Harsha Engineers International ltd

Harsha Engineers International ltd IPO stock price and latest news.

February 2, 2023
Union budget of india

Union budget of India 2023- From new income tax slabs to PAN Card, everything you need to know.

February 1, 2023
Economic Survey 2023 Highlights

Economic Survey 2023 Highlights: All you need to know 

January 31, 2023
Adani enterprise share price
India Market

Adani enterprise share price falls as it calls off 20000 crores FPO.

by moneynotsleep
February 2, 2023
0

The majority of Adani Enterprise share price fell drastically on the news of the FPO cancellation on Wednesday.

Read more
Harsha Engineers International ltd

Harsha Engineers International ltd IPO stock price and latest news.

February 2, 2023
Union budget of india

Union budget of India 2023- From new income tax slabs to PAN Card, everything you need to know.

February 1, 2023
Economic Survey 2023 Highlights

Economic Survey 2023 Highlights: All you need to know 

January 31, 2023
Adani vs Hindenburg battle continues

Adani vs Hindenburg battle continues as Adani strikes back at Hindenburg.

January 30, 2023
  • About us
  • Apply For Job
  • Contact us
  • Disclaimer
  • Privacy policy

© 2022 Moneynotsleep

No Result
View All Result

© 2022 Moneynotsleep