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Our Bureau

Bangalore, Dec. 13

Britannia Industries Ltd has announced that it proposes to acquire a majority stake in two bakery product companies in West Asian market.

According to a press release, the acquisition of shares is subject to signing of definitive agreements. Details will be made available upon signing. The company recorded a turnover of Rs 1,818 crore in the year ended March 31, 2006, and has been growing at the rate of 26 per cent in the first two quarters of the year.

More Stories on : Mergers & Acquisitions | Food & Dairy Products

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