Prataap Snacks rises 10% as Authum Invt, Mahi Kela to acquire 47% stake

Quick Summary:

Authum Investment will acquire 42.31 per cent and Mahi Madhusudan Kela 4.54 per cent of the voting share capital in Prataap Snacks.

After the acquisition, the stakeholders do not have any intentions of delisting Prataap Snacks.

It sells products such as 'Foodchka', 'Mini Muska Bun', 'Masala Pipe', Stix', Cookie Cake', 'Centre-filled cup cake', 'Katori', and Tiffin Cake' under the 'Yellow Diamond' brand and 'Rich Feast' brand.

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Article Details

Category: BusinessFinance

Markets: IndiaMauritiusSudan

Topics: Open offer Mahi madusudhan kela Bse sensex Nse nifty Stock market today Prataap snacks share price today Markets today Prataap snacks acqisition Prataap snacks share price Authum investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 11:28:42 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22746597

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