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NEPALESE TYCOON BINOD CHAUDHARY WHO SOLD WAI WAI' PLANS TO LIST INDIA UNIT BY 2026
The Business Guardian
|April 16, 2024
The firm, boasting a 28% share in the local instant noodles market and generating an annual revenue of 8 billion rupees 96.2 million), is in preliminary talks regarding its listing shine. The aims is toachievea 15% revenue growth this year.”
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Nepalese billionaire Binod Chaudhary, who made his fortune selling instant noodles, is seeking to list his conglomerate Chaudhary Group's India food unit by 2026.
The Gurgaon-based firm, known for its Wai Wai brand of noodles that rivals market leader Maggi from Nestle Ltd. and ITC Ltd.'s Yippee, "would be ready to go for a sizable listing" in the next two years after rolling out new products and acquiring smaller firms in the noodle-related industry, Manvendra Shukla, global chief executive officer at CG Foods India Pvt., said in an interview.
Denne historien er fra April 16, 2024-utgaven av The Business Guardian.
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FLERE HISTORIER FRA The Business Guardian
The Business Guardian
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Mr.
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