Nestle SA in talks to acquire India’s Capital Foods

Nestlé S.A., a Swiss multinational food and drink processing conglomerate corporation, is among the top bidders competing to obtain India’s Capital Foods Pvt.
Any transaction would likely value the Indian firm at more than $1 billion, according to the people familiar with the matter.
Capital Foods is a Mumbai-based company which owns Ching’s Secret brand.
The Ching's Secret range of food products and ingredients include noodles, soups, sauces, masalas and chutneys.
It also sells Smith & Jones cooking pastes and masala mixes.
Apart from Nestle SA, several other suitors have also expressed interest in buying Capital Foods and there’s no certainty Nestle will emerge as the winner.
Shares of Nestle’s listed Indian unit have gained 10% in Mumbai trading over the past 12 months, giving it a market value of about $22.3 billion.