Key Points
Capital Foods makes the Chings Secret brand of spicy noodles and fusion chutneys infused with so-called desi Chinese flavors..
Nestle SA, the worlds biggest food group, is among final bidders competing to acquire Indias Capital Foods Pvt as it seeks to boost its presence in the fast-growing economy, people familiar with the matter said..
The Swiss company has been discussing terms of a potential deal for Mumbai-based Capital Foods, the people said, asking not to be identified because the information is private..
It also sells Smith & Jones cooking pastes and masala mixes.While talks on a potential deal are advanced, several other suitors have also expressed interest in buying Capital Foods and theres no certainty Nestle will emerge as the winner, the people said...
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Nestle eying ‘Ching’s Secret’ owner Capital Foods in $1 billion deal
30, Mar, 23Investors in Capital Foods include General Atlantic, which bought a stake in the company in 2018. Capital Foods makes the Chings Secret brand of spicy noodles and fusion chutneys