Britannia moves Singapore court against Danone over Tiger brand
Our Corporate Bureau
21 September 2007
Mumbai: Britannia Industries has moved a Singapore court seeking legal action against French food giant Danone over the Tiger brand of biscuits.
"Based on legal advice and under the direction of its IPR committee, Britannia has initiated legal action against Groupe Danone in Singapore pertaining to Tiger IPR,'' Britannia said in a statement.
Britannia said its chairman Nusli Wadia resigned from the IPR panel to ensure there was no conflict of interest in dealing with the Tiger IPR matter and talks between Wadia Group and Danone over shareholder issues.
Vijay Kelkar, an independent director, will now head the IPR committee. It will consist of Britannia managing director Vinita Bali and two other independent directors Nimesh Kampani and Keki Dadiseth.