Nexba strikes £16m deal with Reliance Consumer Products

Nexba Kombucha

Reliance Consumer Products has agreed to invest A$25.4m (£12.7m) in Nexba’s Australian parent company Goodness Global in return for a 75% stake, according to documents sent to crowdfunding shareholders

Functional drinks brand Nexba is set to be taken over by the consumer arm of Indian conglomerate Reliance Industries in a A$32m (£16m) deal.

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