ADF Foods’ promoters buy additional 4.25% stake

ADF Foods’ promoters have bought additional 4.25% stake in the company via block deal. The company has acquired the shares at Rs 48 per piece. At present, the promoters holding in the company stand at 45.51%. While institutions and non-institutions held 0.11% and 54.38% stake in the company, respectively.

ADF foods is engaged in manufacturing, a wide range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets. The products of the company include pickles, chutneys, frozen vegetables, pastes, mango products, frozen entrees, instant mix, frozen wraps, flavoured water, tamarind products, ready meals and poppadum.