Future Consumer gains after partnering with Tilda Hain
Avalokita Pandey / 20 Jan 2017
Future Consumer Enterprises, a company which deals with fast moving consumer goods, ended lower on January 19. However, the stock is currently trading at Rs 21.90, up by 0.10 points or 0.46 per cent from its previous closing of Rs 21.80 on the Bombay Stock Exchange (BSE).
Future Consumer Enterprises, a company which deals with fast moving consumer goods, ended lower on January 19. However, the stock is currently trading at Rs 21.90, up by 0.10 points or 0.46 per cent from its previous closing of Rs 21.80 on the Bombay Stock Exchange (BSE).
The company has entered into a joint venture (JV) agreement with Tilda Hain India Private Limited, a part of Hain Celestial Group (USA) for undertaking the business of manufacturing, marketing, trading, selling and distributing various food products in the health and wellness category such as chips, non-dairy beverages, straws and infant foods.
Future Consumer and Hain India will now hold 50.00 per cent each of the paid-up share capital of the JV Company. On a YoY basis, the stock of the company is up by 0.23 per cent. Tata and Goldman Sachs Mutual Fund are the two fund houses which have invested in the stock of the company.
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