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301 302 303 304<style> 305/* The Modal (background) */ 306.modal { 307 display: none; /* Hidden by default */ 308 position: fixed; /* Stay in place */ 309 z-index: 999999; /* Sit on top */ 310 padding-top: 100px; /* Location of the box */ 311 left: 0; 312 top: 0; 313 width: 100%; /* Full width */ 314 height: 80%; /* Full height */ 315 overflow: auto; /* Enable scroll if needed */ 316 background-color: rgb(0,0,0); /* Fallback color */ 317 background-color: rgba(0,0,0,0.4); /* Black w/ opacity */ 318} 319 320/* Modal Content */ 321.modal-content { 322 background-color: #fefefe; 323 margin: auto; 324 padding: 20px; 325 border: 1px solid #888; 326 width: 80%; 327} 328 329/* The Close Button */ 330.close { 331 color: #aaaaaa; 332 float: right; 333 font-size: 28px; 334 font-weight: bold; 335} 336 337.close { 338 margin-top: 0px; 339} 340.close:hover, 341.close:focus { 342 color: #000; 343 text-decoration: none; 344 cursor: pointer; 345} 346</style> 347 348<!-- The Modal --> 349<div id="myModal" class="modal" style="display: none;"> 350 <!-- Modal content --> 351 <div class="modal-content"> 352 <span class="close">×</span> 353 <p><strong style="text-decoration: underline;">Orkla Foods strengthens its presence in India with the acquisition of Eastern Condiments </strong></p> 354 <br><p><strong>4thSeptember, 2020 Bangalore Orkla has entered into an agreement to acquire 67.8 per cent of the shares in Eastern Condiments Private Limited (âEasternâ). With this move, Orkla will double its sales in India.</strong></p> 355 <br><p>Orkla already holds a strong position in the Indian branded food market with the well-known MTR brand which has grown its sales five-fold since it was acquired by Orkla in 2007. For the last 12 months ending 30 June 2020, MTR had a turnover of INR 9.2 billion (approx. NOK 1.1 billion). With the transaction announced today, Orkla will grow its position as one of the leading branded food players in India and have a platform for further growth in the spice category and in adjacent categories</p> 356 <br><p>Today, Orkla, through its wholly owned subsidiary MTR Foods Private Limited (âMTRâ), has signed agreements to purchase a 41.8per cent ownership stake in Eastern from members of the Meeran family and to acquire the entire ownership stake held by McCormick Ingredients SE Asia PTE. Ltd (âMcCormickâ), which will give Orkla a 67.8per cent ownership stake after completion of the transactions. Eastern is currently owned by the Meeran family (74 per cent) and McCormick (26 per cent). </p> 357 <br><p>Following completion of these transactions, a merger application will be filed with the intention of merging Eastern into Orklaâs wholly owned subsidiary MTR. The merged company will be jointly owned by Orkla and the two brothers Firoz and NavasMeeran, with an ownership stake of 90.01 per cent and 9.99 per cent respectively. </p> 358 <br><p>The merger will result in the union of two iconic Indian brands. The merged business will create a solid base for future growth in the Indian branded food market, driven by the positions of Eastern and MTR in spices and packaged food categories. With this transaction Orkla will establish a platform for further growth in India in several categories.</p> 359 <br><p>The parties have agreed on a purchase price that values Eastern (100 per cent) at INR 20 billion (approx. NOK 2.4 billion) on a debt and cash free basis. The acquirer is Orklaâs wholly owned subsidiary MTR Foods Private Limited.</p> 360 <br><a target="_blank" href="https://www.mtrfoods.com/system/PressRelease-NationalMedia.pdf">Read more...</a> 361 </div> 362</div> 363
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444 445<div style="clear:both;"></div> 446 <!--BODY START HERE--> 447 448<section> 449 <div class="new-gst"> 450 <div class="main-wrapper"> 451 <div class="container"> 452 <div class="wrapper"> 453 <h2>GST Revision Pricing Update - MTR.</h2> 454 <p>We welcome the recently announced NextGen GST reform and believe that it will truly benefit the entire nation. In line with our commitment, we will be passing on this benefit through revised, lower MRPs on the applicable product range, effective 22nd September 2025. Please click on the link to access the complete pricing list.</p> 455 <a href="https://www.mtrfoods.com/downloads/MTR-Revised-Prices.pdf" target="_blank">Complete List of Reduced Pricing</a> 456 </div> 457 </div> 458 </div> 459 </div> 460</section> 461 462 463<div class="body_100percent"> 464 <div id="body_main"> 465 <!--body right start here--> 466 <div class="body_home_boxes"> 467 <div class="home_box_3"> 468 <div class="home_box_heading"><img src="https://www.mtrfoods.com/images/our_product_heading.png" border="0" title="Our Products" alt="Our Products" /></div> 469 <div class="home_product_img"><img src="https://www.mtrfoods.com/images/home_product_img.jpg" border="0" title="Our Products" alt="Our Products" /></div> 470 <div class="home_product_content"> 471 Our range of products is heartwarming, authentic<br /> 472 and 100% natural. 473 </div> 474 <div class="join_us"><a href="https://shop.mtrfoods.com" class="read_more_link">Read More</a></div> 475 </div> 476 <div class="home_box_1"> 477 <div class="home_box_heading"><img src="https://www.mtrfoods.com/images/irl_heading_home.png" border="0" title="International Business" alt="International Business" /></div> 478 <div class="map_img"><img src="https://www.mtrfoods.com/images/map.png" border="0" title="International Business" alt="International Business" /></div> 479 <div class="join_us"><a href="international_business/" class="read_more_link">View Details</a></div> 480 </div> 481 <div class="home_box_2"> 482 <div class="home_box_heading"><img src="https://www.mtrfoods.com/images/in_the_news_heading.png" border="0" title="In The News" alt="In The News" /></div> 483 <div class="news_set_1"> 484 <div class="date">15 Nov</div> 485 <div class="news_contect"> 486 <a href="news_media/inthenews/" class="inthenews"> 487 What startups can learn from MTR?... </a> 488 </div> 489 </div> 490 <div class="news_set_1"> 491 <div class="date">06 Nov</div> 492 <div class="news_contect"> 493 <a href="news_media/inthenews/" class="inthenews"> 494 MTR Foods Eyes African Market... </a> 495 </div> 496 </div> 497 <!--<div class="news_set_1"> 498 <div class="date">17<br />JAN</div> 499 <div class="news_contect"> 500 Outcome of the Board Meeting of<br /> 501 Indiabulls Real Estate Limited... 502 </div> 503 </div>--> 504 <div class="news"> 505 <a href="https://www.mtrfoods.com/news_media/ad_campaigns" class="read_more_link">Ad Campaigns</a> | 506 <!-- <a href="news_media/ad_campaigns/" class="read_more_link">Ad Campaigns</a> | --> 507 <a href="https://www.mtrfoods.com/news_media/inthenews" class="read_more_link">In the News</a> <!-- <a href="news_media/inthenews/" class="read_more_link">In the News</a> --> 508 <!-- | <a href="news_media/inthenews/" class="read_more_link">Media Kit</a>--> 509 </div> 510 </div> 511 512 513 </div> 514 <!--body right end here--> 515 </div> 516 </div> 517 <!--BODY END HERE--> 518 519<div style="clear:both;"></div> 520<!--FOOTER START HERE--> 521<div class="footer_bg"> 522 <div class="footer_main"> 523 524 <!--SEO Suggestion --> 525 <table width="98%" border="0"> 526 <tr> 527 <td><div align="center"> 528 <a href="https://www.mtrfoods.com/products/product_category/18" title="Indian Snacks" class="footer_more_link">Indian Snacks</a> <a href="https://www.mtrfoods.com/products/product_category/6" title="Indian Sweets Recipes" class="footer_more_link" >Indian Sweets Recipes</a> <a href="https://www.mtrfoods.com/products/product_category/2" title="Ready to Eat Food" class="footer_more_link">Ready to Eat Food</a> <a href="https://www.mtrfoods.com/products/product_category/9" title="Masala" class="footer_more_link"> Masala</a> <a href="https://www.mtrfoods.com/products/product_category/15" title="South Indian Breakfast" class="footer_more_link">South Indian Breakfast</a> </div></td> 529 </tr> 530 <tr> 531 <td height="21"><div align="center"> <a href="https://www.mtrfoods.com/products/product_category/2" title="Indian Healthy Food" class="footer_more_link">Indian Healthy Food</a> <a href="https://www.mtrfoods.com/products/product_category/23" title="Indian Desserts Recipes" class="footer_more_link">Indian Desserts Recipes</a> 532 </div></td> 533 </tr> 534 </table> 535 <!--End SEO Suggestion --> 536 <style> 537 .footer_left{ 538 float:none !important; 539 max-width:100% !important; 540 } 541 .footer_main{ 542 padding-top: 30px; 543 } 544 @media only screen and (max-width: 600px){ 545 .footer_main{ 546 padding-top: 0px; 547 } 548 } 549 550 </style> 551 <div class="footer_left">
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