Investment13 May 2026, 09:51 pm
Adf Foods Invests ₹10 Cr in Telluric Foods (India) Limited
AI Summary
Adf Foods Ltd has approved an investment of up to ₹10 Crores in its Wholly Owned Subsidiary, Telluric Foods (India) Limited (TFIL), through Optionally Convertible Redeemable Preference Shares (OCRPS). This investment will be further down-streamed by TFIL to Telluric Foods Limited, a step-down Wholly Owned Subsidiary, to support brand building and working capital for FY 2026-27. The acquisition falls within related party transactions and is conducted at arm's length.
Key Highlights
- Adf Foods to invest up to ₹10 Cr in Telluric Foods (India) Limited (TFIL).
- Investment will be in Optionally Convertible Redeemable Preference Shares (OCRPS) of TFIL.
- Funds to support brand building and working capital of Telluric Foods Limited.
- The acquisition qualifies as a related party transaction.
- TFIL's turnover as of March 31, 2026, was NIL.