This entire sale and purchase looks very very quick and strange to me…generally these things take long time after first news in public but this time it was lightening fast!
Secondly do not understand why only PE was involved and no intereset either came or not taken/entertained from other FMCG firms
The sale valuation looks like throw away proce considering the Sales as well as some brands of Agro tech food
Also not sure about the COnagra brands, its royalty etc. which Agro tech holds
Any idea what Rare enterprise is doing with its big stake?
Overall I am not concerned much about open offer price as its mandatory one and need not be successful…but the valuation of sale and hence the low open offer price is very strange to me.
Any idea on credentials of buyers…do they have any experience on running and turn around of any business in India or elsewhere?
| Subscribe To Our Free Newsletter |
