Hindustan Foods Ltd. to Invest Rs. 30 Crores in Acquisition of Ice-Cream Cone and Sleeve Printing Businesses

The Board of Directors of Hindustan Foods Ltd. has approved an investment of Rs. 30 Crores through its Wholly Owned Subsidiary Company for the acquisition of businesses involved in manufacturing of Ice-Cream Cones and Sleeve Printing. The acquisition is subject to further consideration and deliberation by the Board of Directors and will follow the procedures as per applicable laws. The details of the acquisition will be intimated as and when the Board evaluates, considers, and decides the same.