Reliance Consumer Products (RCPL), the FMCG arm of Indian retail major Reliance Retail, has announced the acquisition of trademarks, recipes and all intellectual property rights of sugar confectionery maker Ravalgaon for 27 crore INR ($3.7 million), expanding its FMCG portfolio. Ravalgaon’s portfolio includes the confectionery brands Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream and Supreme. In a statement, Ravalgaon reportedly said it had lost market share owing …