Categories: BusinessNews

Reliance New Deal: Reliance acquires paan-like toffee manufacturing company, the brand has been making candy since 1942

Reliance New Deal: Paan Pasand Toffee will be the choice of millions of people even today. It has ruled the hearts of children for a long time in the 1990s. But now this company is going to be sold. Indian industrialist Mukesh Ambani (Mukesh Ambani) owned by Reliance Consumer Inc. has acquired the trademarks, recipes and intellectual property rights of Ravalgaon Sugar Form Limited, a toffee and candy manufacturer. However, according to this deal, Rawalgaon will retain the property, land, plant, building and machines etc. related to the company. Apart from Paan Pasand, the company has brands like Mango Mood, Coffee Break, Tutti Frutti, Choco Cream and Supreme. This deal has been done with Reliance Consumer Products Limited (RCPL) for only Rs 27 crore. This information has been given by the company in the exchange filing.

Mayank

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