For Quick Alerts
For Daily Alerts

Britannia declines reports to sell its bakery subsidiary

By Religare

Rejecting media speculation that Britannia Industries is planning to sell its bakery foods subsidiary, Daily Bread, Kolkata-based food-products corporation has said that there is no such plan and it is simply a routine affair.

"With reference to the news item appearing in a leading newspaper titled "Britania puts Daily Bread on the Block", the company clarified that "the company routinely keeps evaluating various opportunities of rationalizing/restructuring its business including various divisions and we shall keep the Stock Exchange informed in this regards as required under the Listing Agreement & we have nothing to disclose to the Stock Exchanges on this matter," Britannia Industries said in a filing to Bombay Stock Exchange.


In the last few days, there is buzz in market that biscuits major is in talks to sell its bakery foods subsidiary, Daily Bread, four years after the acquisition.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more