.Rep ImageMumbai: Mo Second Investment Advisors (Month Alts), the alternative financial investment upper arm of Motilal Oswal Financial Solutions, is actually committing Rs 330 crore to acquire a 25% concern in Lal Sugary foods, a Bengaluru-based producer of packaged desserts and other food items.The firm offers a range of items consisting of Indian sugary foods, bakery products (cookies, pie tribute, baklava), as well as select mouth-watering snacks.Lal Sugary foods follows an omni-channel strategy, selling its own items all over 4,000 contemporary business shops, 7,000 standard trade stores, quick-commerce systems, shopping platforms, and its very own web site, depending on to the firm. It additionally operates a travel-focused retail business along with 40 electrical outlets at different flight terminals in the country.Lal Desserts was actually advised through Veda Corporate Advisors. "Our focus is on offering authentic and steady taste to consumers," said Prateek Athwani, marketer of Lal Sweets." India's packaged sugary foods space is witnessing a quick double-digit growth, driven through increased pay attention to comfort as well as care, uptick in gifting use-cases, shift coming from unbranded to branded actions, as well as pull of premium products at attractive prices," mentioned Vijay Dhanuka, handling director as well as director of consumer market at month Alts.
Published On Aug 28, 2024 at 05:11 PM IST.
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