Nestle India has entered into an agreement for acquiring 26% minority stake in Indocon Agro and Allied Activities, engaged in milk collection business in Western India. The acquisition is subject to the parties fulfilling their respective obligations. This business investment will contribute to Creating Shared Value with farmers engaged in milk.
Nestle has its presence in India for around nine decades, making it one of the oldest company in India. Nestle has created brands like Nestle Milkmaid, Nestle Everyday, Maggi Noodles, Maggi Soups, Polo, Kit Kat, Nescafe and many more.
