Motilal Oswal to acquire a 25% stake in Lal Sweets for $40m.

Motilal Oswal, a financial services company, agreed to acquire a 25% stake in Lal Sweets, a maker of packaged sweets and other food items, for $40m. "India's packaged sweets space is witnessing a rapid double-digit growth, driven by increased focus on convenience and hygiene, uptick in gifting use-cases, shift from unbranded to branded plays, and pull of quality products at attractive pricing," Vijay Dhanuka, Motilal Oswal Managing Director.