
FMCG companies are shopping amid market slowdown
MUMBAI: FMCG companies are out shopping in the market, weighing potential acquisitions. Three months into the year and the space has seen acquisitions by HUL, ITC, Reliance Consumer Products and Adani Wilmar. A subdued market has made valuations more rational, making it a ripe time to buy. “Corporate CFOs are hungry for M&As as long…