US-based processed food major ConAgra Foods has increased its stake in Agro Tech Foods (ATFL) by 3.67% for Rs 51.82 crore. ConAgra Foods has bought 8,93,465 shares of Agro Tech Foods from a third party for a price of Rs 51.82 crore.
After the additional stake purchase, its holding will go up to 51.77%. Earlier, ConAgra held 48.11% stake, or 1,17,23,154 shares, in AFTL -- owners of refined oil brand Sundrop.
ConAgra will continue to work with Agro Tech’s management team to expand its business and investment in India. ConAgra Foods is one of North America’s leading food companies, with brands like Banquet, Orville Redenbacher's, Peter Pan, Reddi-wip, Slim Jim, Snack Pack, etc.
ATFL is in the business of marketing food and food ingredients to consumers and institutional customers. The company has also expanded its brand portfolio to products such as Sundrop peanut butter and Act II popcorn among others.
| Company Name | CMP |
|---|---|
| AWL Agri Business | 197.00 |
| Patanjali Foods | 471.75 |
| Gokul Agro Resources | 221.10 |
| Marico | 764.50 |
| BCL Industries | 32.90 |
| View more.. | |
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