Danone to sell its 25.48% in Britannia to Wadias
April 7th, 2009
Wadias have reached for a settlement with the French foods major Groupe Danone on Britannia. Danone will sell its 25.48% stake in Britannia to Wadias on April 14. Wadia Group will buy 60.86 lakh shares of Britannia via Leila Lands. Commenting on the same, Wadias said that the transfer of Britannia stake will be finalised on April 14 and did not make any further comments. Also Read: Danone to focus on negotiating `good deal’ with Wadias