Agro Tech Foods acquires 100% stake in Del Monte Foods from Bharti Group

Quick Summary:

Moreover, ATFL also gains access to Del Monte’s manufacturing and research and development facility at Hosur in Tamil Nadu and in Ludhiana, Punjab.Rapido reports 2.

This transaction is set to bolster the scale and margin profile of the platform, potentially accelerating shareholder returns and offering a more diverse portfolio of high quality products to consumers.

With this transaction, both Bharti and DMPL will receive shares of ATFL as consideration.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Acquisition Agriculture Del Monte Exchange filing Agro Tech Foods Bharti Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 15:12:51 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23583534

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