Stocks

Future Consumer invests in Sublime Foods

Our Bureau | Updated on February 19, 2015 Published on February 19, 2015

Future Consumer Enterprise has made investments in Sublime Foods Private Ltd by subscribing its shares. According to a notification to the stock exchanges, the company said, following the allotment of 51 per cent of the paid-up share capital of Sublime, the latter has become its subsidiary. Sublime is engaged in the business of dealing food and food based products including manufacture and distribution of processed food items such as speciality sauces, salad dressings, cooking pastes, spreads and dips. The company, however, did not disclose the deal amount. According to its web site, Sublime Foods Pvt. Ltd, is a joint venture between FCEL and Bhandari Group. Shares of FCEL jumped 9 per cent at ₹15.20 on the BSE.

Published on February 19, 2015
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