Acquisitions6 Oct 2025, 04:21 pm
Padam Cotton Yarns to Acquire 40.5% Stake in Rajasthani Namkeen for Rs. 13.00 Crore
AI Summary
Padam Cotton Yarns Limited (PCYL) has signed a term sheet with Rajasthani Namkeen Private Limited (RNPL) for the acquisition of equity shares. The acquisition, valued at Rs. 13.00 crore, will be completed in cash and through share swap. RNPL, a manufacturer of food products like namkeen, sweets, bakery products, confectioneries, beverages, and other traditional, tasty and spicy snacks, was incorporated in 2016 and has a significant presence in India with a turnover of Rs. 1142.16 lacs in 2024-25. The acquisition will help PCYL to expand its business into the food sector.
Key Highlights
- Padam Cotton Yarns to acquire 40.5% equity stake in Rajasthani Namkeen Private Limited
- Total cost of acquisition is Rs. 13.00 crore, with Rs. 2.00 crore in cash and the remaining as share swap
- Rajasthani Namkeen Private Limited is a manufacturer of food products like namkeen, sweets, bakery products, confectioneries, beverages, and other traditional, tasty and spicy snacks
- Rajasthani Namkeen Private Limited was incorporated in 2016 and has a significant presence in India
- The acquisition will help Padam Cotton Yarns to expand its business into the food sector