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Danone to sell 25.48 pct stake in Britannia

Britannia said France's Danone will sell its 25.48 per cent stake in the company to Leila Lands.

Written by Reuters | Mumbai | Published: April 6, 2009 12:59:57 pm

Biscuit maker Britannia Industries said France’s Danone will sell its 25.48 per cent indirect stake in the company to Leila Lands.

The proposed deal was expected to go through on April 14 and price to be finalised later would not exceed 25 per cent of price worked under India’s takeover regulations,it said in a filing to the stock exchange.

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