RMBadvisesSouthernHealthFoodsanditsshareholdersonthesaletoRelianceConsumerProducts

RMB advises Southern Health Foods and its shareholders on the sale to Reliance Consumer Products

Southern Health Foods (“Manna”) has been a trusted name in packaged health foods for more than 20 years in India. Based in Chennai, the company has built strong brand recognition across Tamil Nadu and Karnataka and is widely known for its leadership and innovation in the millets category. Its focus on nutritious and accessible products has positioned it well within India’s growing shift toward healthier food choices.

RMB’s India Corporate Finance team acted as the exclusive financial advisor to Manna and its shareholders, including the marquee private equity investor and the majority shareholder, Morgan Stanley Private Equity Asia, on the sale to Reliance Consumer Products (“RCPL”).

Nitesh Surana, Co-Head of Corporate Finance in India, “The transaction brings together Manna’s heritage with RCPL’s strong track record of scaling legacy homegrown brands. Under RCPL’s umbrella, Manna is poised to accelerate the adoption of value-added millet-based foods and related health products across the country.”

The outcome reinforces the value of RMB’s sector insight and advisory approach in helping clients navigate a fast-shifting packaged foods market.