Acquisitions27 Oct 2025, 11:52 am
Heritage Foods Ltd to Acquire 51% Stake in Peanutbutter and Jelly Pvt. Ltd for INR 9 Crore
AI Summary
Heritage Foods Ltd announced that its Board of Directors has approved the acquisition of 51% equity share capital of Peanutbutter and Jelly Private Limited, a company engaged in curating & retailing healthy desserts under the brand name 'Get-A-Way'. The acquisition is expected to bring synergistic benefits, enhance Heritage Foods' market reach, and contribute to long-term shareholder value. The acquisition cost is INR 9 Crore. Upon successful completion of the acquisition, Peanutbutter and Jelly Private Limited will become a subsidiary of Heritage Foods Ltd.
Key Highlights
- Heritage Foods Ltd to acquire 51% of Peanutbutter and Jelly Private Limited for INR 9 Crore.
- Peanutbutter and Jelly Private Limited is a private company incorporated in 2022, engaged in curating & retailing healthy desserts under the brand name 'Get-A-Way'.
- The acquisition is expected to bring synergistic benefits and enhance Heritage Foods' market reach in the healthy desserts & guilt-free indulgence category.
- Post-acquisition, Peanutbutter and Jelly Private Limited will become a subsidiary of Heritage Foods Ltd.
- The acquisition is subject to the fulfilment of conditions as per the Share Purchase Agreement (SPA)