Mumbai, Dec. 19 -- Under the joint venture agreement, RCPL holds a majority stake, while Udhaiyams' erstwhile owners hold a minority stake in the company. This joint venture will bolster RCPL's efforts to offer "global quality at affordable prices" to millions of consumers across the country.

The deal brings Tamil Nadu's heritage nutrition brand, Udhaiyam, under RCPL's fold, adding strength to the FMCG major's branded staples portfolio. Through this acquisition, RCPL further reaffirms its commitment to the company's core philosophy of promoting India's heritage and legacy brands.

T. Krishnakumar, director, Reliance Consumer Products, said, "Udhaiyam is a brand that needs no introduction. It has been serving healthy food choices to consu...