ADF Foods has received approval for acquisition of additional shares in Telluric Foods (India) (TFIL), wholly owned subsidiary of the company by way of further investment of up to Rs 9 crore, in one or more tranches, in Optionally Convertible Redeemable Preference Shares (OCRPS) of TFIL.
The objective of acquisition is to support the brand building and working capital requirement of the operating subsidiary i.e. Telluric Foods for FY 2025-26. The Board of Directors of the Company, in the Board Meeting held on May 14, 2025, has approved the same.
ADF Foods is a leading global food manufacturing company and distributor with a presence in many countries.
