16-Jul-2026 16:16:44
HERITGFOODAcquisition and merger
HERITAGE FOODS : STEP-DOWN SUBSIDIARY ACQUIRES 100% EQUITY OF PEANUTBUTTER AND JELLY LIMITED
• Heritage Foods will increase its shareholding in subsidiary PBJL from 51% to 71% by acquiring an additional 20% equity stake for Rs 7.20 crore. • PBJL is engaged in curating and retailing healthy desserts under the brand name "GETAWAY". • The acquisition aligns with the company's strategic growth initiatives aimed at business expansion and diversification. • PBJL's turnover for FY25-26 was Rs. 33.65 crore. • Acquisition expected to be completed within 30 days subject to conditions precedent. • Impact: Strengthens diversification and healthy dessert segment presence.
Heritage Foods Ltd
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