Grandeur Products has received an approval for 100% acquisition of the paid up capital of Tierra Agrotech (TAPL). With this acquisition, the company has 100% equity stake in TAPL making it a wholly owned subsidiary. The company has executed other relevant binding agreements for the closure of the transaction.
The acquisition of TAPL will help the company in the expansion of the business of acquirer in sale and marketing including disruptive technologies and products that may provide significant yield and cost advantage to the farmers. The board of directors at its meeting held on August 24, 2017 has approved for the same.
Grandeur Products is in the business of FMCG projects particularly into Coffee and related products. Its products include coffee, tea, cocoa, milk, milk products, sugar, sugar substitutes, and fruits.
