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Advent International to acquire 68% in DFM Foods

10 Sep 2019 Evaluate

Advent International Corporation has entered into a pact with the promoters of DFM Foods, which sells snacks under the Crax and the Natkhat brands, to acquire 67.9 per cent stake in the Delhi-based firm (DFM Foods) for around Rs 851.6 crore in an all cash deal.

DFM Foods is engaged in the business of manufacturing, selling and marketing of packaged snack foods. Corn Rings and Wheat Puffs are marketed under the CRAX and NATKHAT brand names respectively.

Peers
Company Name CMP
Nestle India 1346.50
Varun Beverages 430.00
Britannia Industries 4915.00
LT Foods 408.55
Hatsun Agro Product 1119.65
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