date:Dec 06, 2013
e of the largest dairy processors in southern India.
Private equity company Carlyle, which owns a 20 percent stake, would sell its holding, the paper said.
Tirumala's four founders, who own a combined 80 percent stake, would sell 50 percent, resulting in Lactalis owning 70 percent.
Les Echos said Tirumala also attracted interest from French food group Danone. Danone could not be immediately reached for comment.