Reliance Consumer Products to acquire 50% stake in makers of Sosyo

Reliance Consumer Products announced it will acquire 50 per cent stake in 100 year old Gujarat-based Sosyo Hajoori Beverages, which owns and operates beverage business under the flagship brand 'Sosyo

Reliance Consumer Products (RCP), the FMCG arm of Reliance Retail Ventures (RRV), has announced that it will acquire a 50 per cent stake in Gujarat-based Sosyo Hajoori Beverages, the owner of soft drink brand Sosyo.

The Hajoori family, who are the existing promoters, will continue to own the remaining stake in the 100-year-old beverage company.

A product of the Swadeshi movement of the Indian independence struggle, Sosyo was established in 1923 by Abbas Abdulrahim Hajoori. Sosyo Hajoori Beverages is a leading player in the domestic soft drinks market. Operated by Abbas Hajoori and his son Aliasgar Hajoori, it has several