.Representative ImageMumbai: Mo Different Financial Investment Advisors (MO Alts), the different financial investment arm of Motilal Oswal Financial Services, is committing Rs 330 crore to acquire a 25% concern in Lal Sweets, a Bengaluru-based manufacturer of packaged sweets as well as various other meals items.The firm offers a variety of items including Indian desserts, bake shop items (biscuits, covered salute, baklava), as well as choose savoury snacks.Lal Sugary foods adheres to an omni-channel technique, retailing its products across 4,000 modern profession outlets, 7,000 general trade stores, quick-commerce systems, ecommerce systems, as well as its personal website, depending on to the provider. It also works a travel-focused retail company with 40 electrical outlets at a variety of airports in the country.Lal Sweets was encouraged through Veda Corporate Advisors. "Our concentration gets on providing authentic and also regular taste to consumers," said Prateek Athwani, promoter of Lal Sweets." India's packaged desserts room is observing a swift double-digit development, driven through increased focus on convenience and also hygiene, uptick in gifting use-cases, switch coming from unbranded to branded actions, as well as pull of top quality products at eye-catching rates," pointed out Vijay Dhanuka, handling director and director of customer sector at month Alts.
Released On Aug 28, 2024 at 05:11 PM IST.
Sign up with the area of 2M+ market professionals.Subscribe to our email list to acquire latest understandings & study.
Install ETRetail App.Receive Realtime updates.Save your favourite write-ups.
Scan to download App.