DS Group is a formidable force across an extensive and diverse portfolio with a presence in Mouth Freshener, Food and Beverage, Confectionery, Hospitality, Agri, Luxury Retail businesses, and other investments.
The bid by Noida-based DS Group is a strategic move to expand into the premium retail and hospitality sectors.
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The acquisition expands the group's hospitality footprint into Southern India, Dharampal Satyapal Group (DS Group) said in a statement.
Diversified firm Dharampal Satyapal Group (DS Group) expects its revenue to grow by 20-24 percent this fiscal with food and beverage and mouth freshener businesses driving the growth.
Pulse, a hard-boiled candy launched early last year by the DS Group, has taken the Indian candy market by storm.
The Noida-based company sells a wide range of spices and seasonings under the Catch spices brand, which posted revenues of Rs 400 crore in the last financial year.
Ten states have banned a popular form of chewing tobacco in a major policy shift that may save millions of lives and strike a blow at the global tobacco industry, already reeling from new anti-smoking laws around the world.