At the 54th GST Council meeting on Monday, FM announced reduction in the GST rate on selected namkeen snacks or savoury items to 12% from 18% earlier.
With a strategy which seeks to close the gaps left by the big players, India’s mid-sized FMCG companies have found their sweet spot.
The FMCG business of Haldiram Snacks and Haldiram Foods will be demerged into Haldiram Snacks Food.
DCX Systems will be the first IPO to open on October 31, followed by Fusion MicroFinance on November 2, whereas Medanta and Bikaji Foods will hit the D-Street on November 3.
Bikaji Foods has recently announced a ₹1,000 crore IPO at a $1 billion valuation.
