Brief: Prataap Snacks To Buy 80 Pct Stake In Avadh Snacks For 1.48 Bln Rupees

Prataap Snacks

22/08/2018 15:18

Aug 22 (Reuters) - Prataap Snacks Ltd  PRAT.NS :
    * TO ACQUIRE 80 PERCENT EQUITY STAKE IN AVADH SNACKS PRIVATE
LIMITED FOR 1.48 BILLION RUPEES

Source text: Prataap Snacks Ltd. has announced acquisition of
Avadh Snacks Private Limited, (“Avadh”)- Gujarat’s leading
snacks food company. PSL has agreed to acquire 80% equity stake
for a consideration of Rs.148 crores through a combination of
primary & secondary investment.
Further company coverage:  PRAT.NS 

 ((Reuters.Briefs@thomsonreuters.com;))