Subsidiary28 Apr 2026, 11:13 am
DSM Fresh Foods incorporates Varuna Aquatech, acquires 70.96% stake
AI Summary
DSM Fresh Foods Ltd has announced the incorporation of its new subsidiary, Varuna Aquatech Private Limited, on April 27, 2026. The company acquired a 70.96% shareholding in Varuna Aquatech for a cash consideration of ₹70,960. Varuna Aquatech will operate in the aquaculture, fisheries, and food processing industry, focusing on activities like breeding, farming, processing, and trading of aquatic organisms. This strategic move is in line with DSM Fresh Foods' expansion strategy to diversify and strengthen its presence in the food sector.
Key Highlights
- DSM Fresh Foods incorporated Varuna Aquatech Private Limited as a subsidiary.
- The subsidiary will operate in the aquaculture and food processing industry.
- DSM Fresh Foods acquired a 70.96% stake for ₹70,960 cash.
- This move supports the company's expansion strategy into new sectors.