Acquisitions22 Jan 2026, 02:16 am
DSM Fresh Foods to Acquire 76% Stake in Avyom Foodtech, Making it a Subsidiary
AI Summary
DSM Fresh Foods Limited has approved the investment in Avyom Foodtech Private Limited by way of participating in a preferential issue. This acquisition will result in DSM Fresh Foods acquiring up to 76% stake in Avyom Foodtech, making it a subsidiary. Avyom Foodtech is engaged in the business of manufacturing, processing, preparing, freezing, packaging, branding, marketing, distributing, importing and exporting of food products. The acquisition is expected to result in operational synergies, expansion of product portfolio, and enhancement of market reach. The cost of acquisition is up to 8.00 crores.
Key Highlights
- DSM Fresh Foods to acquire 76% stake in Avyom Foodtech
- Avyom Foodtech to become a subsidiary of DSM Fresh Foods
- Acquisition aimed at strengthening DSM Fresh Foods' presence in the food processing and allied sector
- Expected to result in operational synergies, expansion of product portfolio, and enhancement of market reach
- Cost of acquisition up to 8.00 crores