Acquisitions22 Jul 2026, 04:50 pm
Tejassvi Aaharam Acquires 100% of Funk Foods via Share Swap
AI Summary
Tejassvi Aaharam Limited has approved the allotment of 5,11,62,204 equity shares at par to acquire 100% of Funk Foods Private Limited (FFPL). This acquisition, a non-cash transaction, was approved by the Board of Directors on July 20, 2026. FFPL is engaged in the development, manufacturing, and export of freeze-dried, clean-label food products. The company reported a turnover of ₹7.97 crores for FY25. This strategic move is expected to benefit all stakeholders by achieving a significant milestone in the evolution of both companies. Approvals from shareholders and BSE have been obtained.
Key Highlights
- Tejassvi Aaharam to acquire 100% of Funk Foods Private Limited.
- Acquisition is a share swap, involving allotment of 5.11 crore equity shares.
- Funk Foods reported FY25 turnover of ₹7.97 crores.
- Acquisition is in the same business line, expected to benefit stakeholders.
- Board and BSE approvals secured for the share allotment.
Price Impact
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