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ADF Foods acquires entire stake in Telluric Foods

03 Oct 2022 Evaluate

ADF Foods has acquired 100% stake in Telluric Foods (TFL) through its wholly owned subsidiary viz. Telluric Foods (India), thereby making TFL a wholly owned subsidiary of the company. Purchase of 50,000 equity shares of face value Rs 10 each of TFL through Telluric Foods (India) for a consideration of Rs 5 lakh.

ADF Foods manufactures and processes a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets.

Peers
Company Name CMP
Nestle India 1381.50
Varun Beverages 420.60
Britannia Industries 5012.45
LT Foods 418.45
Hatsun Agro Product 1152.40
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