Acquisitions7 Feb 2025, 01:05 am
Agro Tech Foods Completes Acquisition of Del Monte Foods, Announces Q3 Results
AI Summary
Agro Tech Foods Ltd. has completed the acquisition of 100% equity shares of Del Monte Foods Private Limited on 6th February 2025. The company also announced its unaudited financial results for the quarter and nine months ending 31st December 2024. The board of directors approved the results and the acquisition, making Del Monte Foods a wholly owned subsidiary of Agro Tech Foods.
Key Highlights
- Agro Tech Foods has completed the acquisition of Del Monte Foods Private Limited.
- Del Monte Foods has become a wholly owned subsidiary of Agro Tech Foods.
- The boards of directors of Del Monte Foods and its subsidiary have been reconstituted.
- Agro Tech Foods has announced its unaudited financial results for the quarter and nine months ended 31st December 2024.
- The acquisition was made in consideration for a preferential allotment of equity shares.