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Avanti Feeds transfers Shrimp Processing Business to Avanti Frozen Foods

21 Dec 2015 Evaluate

Avanti Feeds has executed a Business Transfer Agreement (BTA) with Avanti Frozen Foods on December 18, 2015. The company had entered into BTA for transfer of the Shrimp Processing Business to Avanti Frozen Foods on a slump sale basis, to be effective from November 01, 2015 for a lump sum consideration of Rs 128 crore.

Avanti Feeds is engaged in processing shrimps and packing Pan Frozen as well as IQF. It exports shrimps to USA, Japan, Australia and UK etc.


Peers
Company Name CMP
Godrej Agrovet 665.30
Avanti Feeds 765.95
Mukka Proteins 27.50
Mayank Cattle Food 111.25
Prima Agro 15.94
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