Godrej Foods has pulled out of a joint venture deal with US giant Pillsbury, with an agreement made on Wednesday to sell its 43.5% holding in Godrej Pillsbury Ltd to the Pillsbury company, or its nominees.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company has informed the Bombay Stock Exchange (BSE) of its decision to pull out of the venture company, the remainder (56.5%) of which was controlled by the Pillsbury-owned Dutch group Selviac Nederland.


Sources from Godrej added that a distribution and selling arrangement between the companies was also terminated last November.


According to the Hindustan Times, the divestment is subject to necessary approval by the Foreign Investment Promotion Board (FIPB) and the Reserve Bank of India (RBI) among others.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now