Nusli Wadia Group is set to buy Groupe Danone`s 50% stake in biscuit major Britannia Industries with a committed USD 200 million funding from ICICI Bank, reports Economic Times. The group will buy Danone`s 50% equity in the UK incorporated holding company, Associated Biscuits International Holding (ABIH), backed by a five-year loan. The deal will end two-year-old acrimonious shareholder dispute between Wadias and Danone, with the French food giant walking out of a decade-long joint venture to chart independent course in India. ABIH will remain as Britannia`s holding entity after the transaction. ABIH holds 50.9% stake in India`s leading biscuit company by value. […]