Shah Foods Ltd. to Acquire Tandhan Power Technologies for Rs. 99,28,14,812.50

Shah Foods Ltd. has approved the acquisition of 100% equity share capital of Tandhan Power Technologies Private Limited for a total consideration of approximately Rs. 99,28,14,812.50. The acquisition will be done through the issuance of up to 1,58,85,037 equity shares of Rs. 10/- each at an issue price of Rs. 62.50/- each to the shareholders of Tandhan Power Technologies. Tandhan Power Technologies is engaged in the business of power storage and power backup solutions, dealing in a wide range of batteries, UPS systems, and allied products. The acquisition is strategically aimed at expanding Shah Foods' presence and strengthening its business operations.