Mumbai, Oct. 15 -- The Board of Directors of Hindustan Foods (HFL) has approved an investment of Rs. 30 crore through its wholly owned subsidiary company for the acquisition of business engaged in manufacturing of Ice cream cones and sleeves. This acquisition marks HFL's foray into cone manufacturing with a capacity of nearly 1 million cones per day. The current customers include India's largest multinational ice cream company.

Published by HT Digital Content Services with permission from Capital Market....