Toffee treat: Actis to buy Nutrine for Rs 300 cr.

Oct. 18--NEW DELHI -- Private equity major Actis is set to snap up India's largest home-grown confectionery company -- Nutrine Confectionery -- for Rs 275-300 crore. It is learnt that an agreement has been reached and the transaction is likely to be concluded shortly.

This will constitute the first big-ticket acquisition by a private equity player in the FMCG sector. It will also be the largest deal in the FMCG space this year and its size will surpass Dabur's Rs 143-crore acquisition of Balsara. When contacted, an Actis spokesperson declined to comment.

Des