Acquisitions19 Aug 2025, 12:59 pm
Chatha Foods Ltd. Acquires 70% Stake in Subsidiary Allana CF Foods Pvt. Ltd. for Rs. 3.5 Crore
AI Summary
Chatha Foods Ltd. has acquired 70% stake in its subsidiary, Allana CF Foods Pvt. Ltd., through a rights issue. The company has subscribed to 35,00,000 equity shares of Rs. 10 each, at par, amounting to Rs. 3,50,00,000. Allana CF Foods Pvt. Ltd. is engaged in the business of ready to eat and ready to cook products, and was incorporated on April 08, 2025. This acquisition does not result in any change in Chatha Foods Ltd.'s shareholding in Allana CF Foods Pvt. Ltd.
Key Highlights
- Chatha Foods Ltd. acquires 70% stake in subsidiary Allana CF Foods Pvt. Ltd.
- Acquisition through a rights issue of 35,00,000 equity shares at Rs. 10 each.
- Transaction worth Rs. 3,50,00,000.
- Allana CF Foods Pvt. Ltd. deals in ready to eat and ready to cook products.
- No change in Chatha Foods Ltd.'s shareholding in Allana CF Foods Pvt. Ltd.