IFB Agro Industries to Acquire Cargill India's Shrimp, Fish Feed Business for INR 3537 Million

IFB Agro Industries Ltd. has approved the acquisition of Cargill India Private Limited's entire commercial compound shrimp feed and freshwater fish feed business undertaking in India. The transaction, valued at INR 3537 million, is expected to consolidate and grow IFB's fish feed and shrimp feed business. The acquisition is in the same line of business as IFB and is expected to be completed by 31st July 2025. The transaction does not fall under related party transactions and no promoter/promoter group/group companies of IFB have any interest in Cargill India.