Acquisitions27 Mar 2026, 11:13 am
Shah Foods Ltd. Approves Acquisition of Tandhan Power Technologies and Allotment of Shares
AI Summary
Shah Foods Ltd. announced the outcome of its Board Meeting, which included the approval of the acquisition of Tandhan Power Technologies Private Limited and the allotment of shares. The acquisition was made through a share swap, with the Company receiving 1,58,85,037 equity shares of Tandhan Power Technologies. Additionally, the Company approved the allotment of 68,32,463 equity shares for cash consideration to non-promoter public category shareholders. The acquisition does not fall under related party transactions.
Key Highlights
- Shah Foods Ltd. has approved the acquisition of Tandhan Power Technologies Private Limited.
- The acquisition was made through a share swap, with Shah Foods receiving 1,58,85,037 equity shares of Tandhan Power Technologies.
- The Company also approved the allotment of 68,32,463 equity shares for cash consideration to non-promoter public category shareholders.
- The acquisition does not fall under related party transactions.
- Tandhan Power Technologies is engaged in the business of power storage and power backup solutions.