Adani Wilmar has signed definitive agreement to acquire G.D. Foods Manufacturing (India) (GD Foods). The acquisition will be executed in multiple tranches, with 80% of the shares to be acquired in the first tranche, and the remaining 20% to be acquired over the next three years. Aligned with its vision to cater to the kitchen needs of Indian households, this acquisition offers a strategic advantage by expanding its portfolio with a broad range of value-added food products.
The acquisition is subject to meeting customary closing conditions, with the first tranche is expected to close in 60 days. The transaction will be funded by internal accruals or IPO proceeds.
Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. Its products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
| Company Name | CMP |
|---|---|
| AWL Agri Business | 188.60 |
| Patanjali Foods | 462.60 |
| Gokul Agro Resources | 212.50 |
| Marico | 761.50 |
| BCL Industries | 32.95 |
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