Britannia Says Danone To Sell 25.48 pct Stake

Indian biscuit maker Britannia Industries Ltd said France's Danone will sell its 25.48 percent indirect stake in the company to Leila Lands Ltd (Mauritius). The proposed deal was expected to go through on April 14 and price to be finalised later would not exceed 25 percent of price worked under India's takeover regulations, it said in a filing to the stock exchange.