Announced
Completed
Synopsis
RIL-backed RCPL, a consumer goods company, completed the acquisition of Naturedge Beverages, an Indian beverage manufacturer. Financial terms were not disclosed. "The partnership with RCPL is a testament of Shunya's rapidly growing acceptability among consumers. With our visions aligned on turning Shunya into a pan-India brand that caters to consumers love for herbal-natural functional beverages that are refreshing and fun-filled at the same time, this is a win-win for us. As we increasingly move towards a challenging lifestyle, super-herbs like Ashwagandha and Brahmi not only act as natural stress-relievers but also boost strength, stamina and focus. Through this JV, Shunya will be made available to consumers across India through RCPL's wide network of distribution and supply chain," Siddhesh Sharma, Director Naturedge Beverages.
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