Authum Investment, Mahi Madhusudan Kela to acquire 46.85% stake in Prataap Snacks
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Authum Investment & Infrastructure and Mahi Madhusudan Kela will acquire a 46.85 per cent stake in Prataap Snacks, which operates the snack brand Yellow Diamond and sweet snacks brand Rich Feast. The company has entered into a share purchase agreement with the promoters to acquire 46.85 per cent share in a Rs 846.60 crore deal from its three Private Equity promoters, according to an early morning filing. The promoters -- Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II and Sequoia Capital GFIV Mauritius Investments hold stakes of 2.48 per cent, 34.65 per cent, and 9.72 per cent, respectively. "The acquirer and PAC have entered into a share purchase agreement dated September 26, 2024, with the sellers, pursuant to which the acquirer has agreed to acquire from the sellers 1.02 crore equity shares of the target company at a price of Rs 746 per equity share for an aggregate consideration of Rs 84...