Agro Tech Foods is acquiring Del Monte Foods in a strategic share swap deal, strengthening its position in the Indian processed food market. The deal includes exclusive rights to the Del Monte brand in India and a significant leadership shift, as Bharti Enterprises becomes the second-largest shareholder. This move is set to enhance Agro Tech's product portfolio and expand its presence across retail and food service sectors.
In a strategic move to expand its food ingredients portfolio, Godrej Industries has acquired the food additives and emulsifier business of Savannah Surfactants for Rs 76 crore. This acquisition aims to strengthen Godrej's position in the growing global food sector, enhancing its capabilities in providing innovative and sustainable food solutions.
Bikaji Foods' stock has reached near its 52-week high after the company's announcement of acquiring a 55% stake in Ariba Foods. This strategic acquisition, valued at ₹60.49 crore, is set to boost Bikaji's frozen food production and expand its market footprint, signaling strong growth prospects for the company. Explore the impact of this move on Bikaji's financial performance and future outlook.