Last updated on November 29th, 2023 at 11:10 am
Estimated reading time: 3 minutes
Highlights:
- Chings’ Secret is up for sale, and it can fetch a whopping USD 1-1.25 billion for its main stakeholders.
- International players such as Nestle, The Kraft Heinz Co., and Nissin Hiyoko are competing for the desi Chinese brand, along with Indian players like Tata Companies and Reliance Group.
- Reports suggest that some players plan to acquire 75% stakes in the company, and there might be an IPO as well.
Chings’ Secret, the popular Indian Chinese brand, is up for sale, and reports suggest that Indian and international players are competing to acquire it. Capital Foods Private Limited, the owner of Chings’ Secret, had three main stakeholders in 2022, including The Invus Group (40%), General Atlantic (35%), and Ajay Gupta (25%). Now, these entities have put their stake up for sale, and this buyout can fetch them USD 1-1.25 billion.
While this is exciting news for the stakeholders, Indians are more curious about who will acquire Chings’ Secret. According to the Economic Times, both Indian and international players are in the race. Some key players in the run include international giants like Nestle, The Kraft Heinz Co., and Nissin Hiyoko, along with Indian players like Tata Companies and Reliance Group.
Interestingly, Reliance Group was also a key player in the competition, but as per reports, the company retracted its name due to “steep valuation.” As per Bloomberg, Nestle has been in talks with Capital Foods for a potential deal that can exceed USD 1 billion.
It is not clear whether the deal will happen in stocks or part-stock-part-cash. Still, reports suggest that some players plan to acquire 75% stakes in the company, and there might be an IPO as well. This news is exciting the trading community, but everything still needs to be confirmed.
Until then, the question remains: Which potential brand do you think will own Chings’ Secret? Will it be an Indian or international player? It’s a wait-and-watch game, but this acquisition can certainly change the FMCG-verse in India.
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