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Swiss fragrance and flavor company Firmenich is set to acquire a majority stake in VKL Seasoning Pvt. Ltd, an India-based specialist in seasonings and flavors, from Indian private equity company True North. Financial terms were not disclosed.
Private equity firm True North has signed an agreement to acquire Votorantim Cimentos' 75% stake in Shree Digvijay Cement Company Limited (SDCCL) for an undisclosed sum. The deal includes a mandatory open offer to minority shareholders.