Krishival Foods to expand its portfolio with new acquisition
Krishival Foods, formerly Empyrean Cashews Limited, shared this information in an exchange filing. It is primarily engaged in producing a series of flavoured and classic dry fruits.
Packaged food company Krishival Foods is expanding its portfolio with the acquisition of a 52.94 per cent stake in Melt ‘N’ Mellow Foods Private Limited. With this, the company will enter the ice cream, dairy and bakery market.
Krishival Foods, formerly Empyrean Cashews Limited, shared this information in an exchange filing. It is primarily engaged in producing a series of flavoured and classic dry fruits.
"The company shall subscribe 52.94 per cent of the total paid-up share capital by September 30, 2024 and accordingly Melt ‘N ’Mellow Foods Private Limited shall become a subsidiary of the company," it said in an exchange filing.
The acquisition of the stake will be completed by September 30, 2024.
The company is acquiring a 52.94 per cent stake in Melt ‘N’ Mellow Foods Private Limited for Rs 9 crore.
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