Acquisitions13 Feb 2026, 10:42 pm
Tejassvi Aaharam Ltd Acquires 100% Share Capital of Funk Foods Private Limited for Rs. 51,16,22,040
AI Summary
Tejassvi Aaharam Ltd has announced the acquisition of 100% of the share capital of Funk Foods Private Limited (FFPL) for a total consideration of Rs. 51,16,22,040. The acquisition is part of a preferential issue of up to 5,11,62,204 Equity Shares of Rs. 10/- each to the shareholders of FFPL. FFPL is engaged in the development, manufacturing, and export of freeze-dried, clean-label food products for retail and food service markets. The acquisition is expected to be completed within six months, subject to statutory approvals.
Key Highlights
- Acquisition of 100% share capital of Funk Foods Private Limited for Rs. 51,16,22,040
- Preferential issue of up to 5,11,62,204 Equity Shares of Rs. 10/- each to the shareholders of FFPL
- FFPL is engaged in the development, manufacturing, and export of freeze-dried, clean-label food products
- Expected to be completed within six months, subject to statutory approvals
- FFPL's turnover for the Financial year ended 2025 was Rs. 7.97 crores