Tea producer Dhunseri buys Singapore's Twelve Cupcakes for $1.76m

Tea producer Dhunseri buys Singapore's Twelve Cupcakes for $1.76m

Image from Twelve Cupcakes Facebook page.

Singaporean cupcake firm Twelve Cupcakes has been acquired by Kolkata-based Naga Dhunseri Group, said to be one of India’s largest tea producers, for a purchase consideration of S$2.5 million (($1.76 million).

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