Investments, M&A & Funding

The 22 acre site will produce concentrates for PepsiCo’s product portfolio and is part of a larger Rs 5,700 crore (US$598.67M) investment pipeline the company has committed to India through 2030.

The transaction involves Ingredion selling a 51% interest in Rafhan Maize for approximately US$165 million, while maintaining roughly a 20% ownership position to support future collaboration and regional growth.

The five year plan aims to create more than two million jobs, raise farm incomes and increase investment in Kenya’s food system.

The deal expands Cargill’s grain handling network in Western Canada as the company continues to invest in its global food and agriculture business.

The Zephyrhills facility is being developed in three phases, with the first phase operational by mid-2026, the second by 2028, and the third by 2030.