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Reliance Consumer Products Limited, the FMCG arm of Mukesh Ambani-owned Reliance Industries, announced on Thursday that it has acquired a majority stake in Tamil Nadu’s Udhaiyams Agro Foods Private Limited.ET had reported earlier this week that the move was likely, with Reliance Consumer in advanced discussions to buy a controlling stake in the Chennai-based company. Founded over three decades ago, Udhaiyams Agro Foods is estimated to be a Rs 668-crore business and has a strong presence across staples, snacks and ready-to-cook breakfast mixes. Its portfolio spans rice, pulses, spices, snacks and products such as idli batter, with a deep distribution network in Tamil Nadu and neighbouring markets.Under the joint venture arrangement, RCPL will hold a controlling stake, while Udhaiyams’ e

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