In India, Danone operates in dairy and Life nutrition segments. Danone Dairy has UHT and fresh dairy products such as mishtidoi, chaas, lassi, dahi, flavoured yoghurts and smoothies.
Nestle, whose fourth-quarter sales in India fell more than a fifth, according to the paper, contends the noodles were safe, but ordered a recall that cost the company about 66 million Swiss francs ($66.68 million).
"We plan to invest Rs 100 crore to open around 200 Nukkadwala restaurants in India by the end of 2019," said Vatika Group, Managing Director, Gaurav Bhalla.
The company in a filing to the BSE said that its board has approved raising \"USD 45 million (about Rs 301.5 crore)\" through preferential issue of equity-linked securities to Black River Food 2 Pte Ltd.
The Gurgaon-based online marketplace for chefs will utilize the fresh round of capital for deeper expansion in Delhi and launch of new product categories.