Mumbai, Feb. 17 -- Reliance Consumer Products Ltd (RCPL) officially announced here on Tuesday in a filing to the stock exchange that it has entered into a deal to form a majority-owned joint venture with Nigeria-based Tropical General Investments Group (TGI Group), which will give RCPL a stronger foothold in the Nigerian market.
Established in 1980, TGI Group is an international business conglomerate headquartered in Lagos, with operations spanning Africa, the Middle East as well as Asia.
The TGI Group has a diversified presence across food, consumer goods, agribusiness, chemicals, pharmaceuticals and distribution, managing a broad portfolio of leading brands. In Nigeria, its flagship brands like Big Bull Rice, Terra Seasoning Cubes, Gold...