Prataap Snacks has acquired 99.95% of the issued, subscribed and paid-up share capital of RLOP Food Processing (Target Company). The company is in the process of acquiring the remaining 0.05% shareholding of the Target Company in accordance with the terms of the Share Purchase Agreement.
Consequent to the aforesaid acquisition, the Target Company has become a subsidiary of the Company. Upon acquisition of the remaining shares, the Target Company shall become a wholly-owned subsidiary of the Company.
Prataap Snacks is Indore-based Indian Snack Food Company. It sells products under the brand name ‘Yellow Diamond’. The company is among the top 6 Indian organized snack market. It has a diversified product portfolio including traditional and western snacks.
