BCCL to buy 12% in Dalmia Continental

Bennett, Coleman & Company Limited (BCCL), otherwise known as the Times of India Group, has taken options to buy upto 12% equity in Dalmia Continental Pvt. Ltd. (DCPL), promoters of Leonardo Olive Oil and Hudson Canola Oil. Leonardo Olive Oil is the market leader and brand of Olive Oil in the nation and holds 30% share in the Olive Oil market. Hudson Canola Oil is the leading Canola Oil imported from Canada. 

In 2011-12, Leonardo Olive Oil experienced a growth rate of 120% in total revenue with sales of Rs 40 crores. The Olive Oil sector in India grew at 45% over the same period. Leonardo is the pioneer in the introduction of Olive Oil for Indian cooking which is the successful strategy behind its high growth rate and acceptance by the Indian consumer.

Source: http://cablequest.org/news/national-news/item/1677-bccl-to-buy-12-in-dalmia-continental.htmlSource: http://cablequest.org/news/national-news/item/1677-bccl-to-buy-12-in-dalmia-continental.html