Business Update14 Mar 2024, 08:11 pm
Ovobel Foods Acquires Assets of Bestovo Foods' Egg Powder Processing Unit for Rs.9 Crore
AI Summary
Ovobel Foods Limited has announced the purchase of the assets of Bestovo Foods Private Limited's Egg Powder Processing Unit for a cost of Rs.9 crore. This acquisition will enhance the production capacity of Ovobel Foods by approximately 30% annually, with the potential for further expansion.
Key Highlights
- Ovobel Foods purchases assets of Bestovo Foods' Egg Powder Processing Unit for Rs.9 crore
- Transaction expected to boost Ovobel Foods' production capacity by 30% annually
- Further expansion potential of up to 50% with modifications