Mumbai, Feb. 11 -- Based in Tamil Nadu, Southern Health Foods is key player in several health focused foods categories like packaged healthy foods including millets, oats, multi-grain products, health mixes, breakfast cereals, dry fruits, among others. Its flagship brand Manna is widely known for its healthy offerings in many emerging packaged foods categories like millet flour, baby foods and multigrain drink mix.

RCPL has acquired 100% equity stake in Southern Health Foods (SHFPL) for an aggregate cash consideration of Rs 156.42 crore from the existing shareholders of SHFPL.

The company stated that the addition of Manna adds further strength to RCPL's foods and staples portfolio that includes brands like Udhaiyam, Independence and SiL...