Acquisitions7 Sept 2026, 07:40 pm
Capital Trade Links Acquires 16.36% Stake in Rhythms Industries
AI Summary
Capital Trade Links Limited has acquired a 16.36% equity stake in Rhythms Industries Private Limited by purchasing 1,49,999 equity shares. This strategic investment aims to explore business and growth opportunities within Rhythms Industries, which operates in the FMCG sector. Rhythms Industries, promoted by Mr. Nilesh Jain, has a diversified business including FMCG distribution, manufacturing of the '365 Days' brand, and flour manufacturing through a stake in Rainlink Agro Private Limited. The acquisition is on an arm's length basis and is expected to be completed by September 7, 2026.
Key Highlights
- Capital Trade Links acquired 16.36% stake in Rhythms Industries.
- The acquisition is a strategic investment to explore growth opportunities.
- Rhythms Industries is a diversified FMCG player with manufacturing and distribution.
- The transaction is on an arm's length basis and not a related party deal.
- Acquisition completion expected by September 7, 2026.
Price Impact
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