Archive · 19 Jan 2026
RSGB Acquires Cargill India's Corn Division
Riddhi Siddhi Gluco Biols (RSGB) is buying Cargill India’s corn wet milling plant in Davangere, Karnataka.
This plant makes things like maltodextrin and liquid glucose.
RSGB will pay about Rs 250 crore for it.
The deal will help RSGB make more money, adding over Rs 800 crore to their yearly sales.
They plan to finish the purchase in about 45 days.
RSGB used to sell starch but stopped in 2010.
Now, they are back in the business and want to be the top player.
Their stock price went up by 18.73% on the day they announced the deal.
Riddhi Siddhi Gluco Biols (RSGB) acquires Cargill India’s corn wet milling division in Davangere, Karnataka.
The deal is valued at approximately Rs 250 crore and includes a 3 lakh MT capacity plant.
RSGB will produce maltodextrin, liquid glucose, and co-products like corn germ, corn gluten, and corn fiber.
The acquisition is expected to boost RSGB’s annual revenues by over Rs 800 crore.
The purchase is funded through internal accruals and is expected to complete within 45 days.
- Who
- Riddhi Siddhi Gluco Biols (RSGB) and Cargill India
- What
- Acquisition of Cargill India’s corn wet milling division by RSGB
- When
- January 19, 2026 (announcement), expected completion within 45 days
- Where
- Davangere, Karnataka, India
- Why
- RSGB aims to re-enter the starch business and boost annual revenues by over Rs 800 crore
- Company
- Riddhi Siddhi Gluco Biols (RSGB)
- Acquired Division
- Cargill India’s corn wet milling division
- Location
- Davangere, Karnataka
- Purchase Price
- Approximately Rs 250 crore
- Plant Capacity
- 3 lakh MT
- Products
- Maltodextrin, liquid glucose, corn germ, corn gluten, corn fiber
- Expected Completion
- Within 45 days (subject to clearances)
- Revenue Boost
- Over Rs 800 crore annually