Acquisitions5 Dec 2025, 07:41 pm
Leo Dryfruits Acquires 60% Stake in STK Food Processing for Rs 2 Crores
AI Summary
Leo Dryfruits & Spices Trading Limited has executed a Share Purchase Agreement to acquire 60% equity shareholding in STK Food Processing Private Limited. The acquisition is in compliance with applicable provisions of Companies Act, 2013 and various necessary approvals. The transaction is expected to provide cross-selling benefits and support deeper market penetration for both companies. The aggregate purchase consideration for shares is Rs 1 Crore and a rupee term loan of Rs 1 Crore will also be infused into STK Food Processing Private Limited.
Key Highlights
- Leo Dryfruits to acquire 60% stake in STK Food Processing
- Transaction is expected to provide cross-selling benefits
- STK Food Processing to become a subsidiary of Leo Dryfruits
- Rs 1 Crore purchase consideration and Rs 1 Crore term loan
- STK Food Processing engaged in manufacturing roasted, flavoured makhana and related food products