Authum Investment & Infrastructure Limited and investor Mahi Madhusudan Kela are set to buy a significant stake in Pratap Snacks Ltd.
The acquirer and PAC have entered into a share purchase agreement dated September 26, 2024, with the sellers, pursuant to which the acquirer has agreed to acquire from the sellers 1.02 crore equity shares of the target company for ₹746 per equity share for an aggregate consideration of ₹846.60 crore,” said the company in the exchange filing.
Apart from this, the company has also announced an open offer to acquire a 26 per cent stake in the company from the market. The acquiring entities made an open offer for 62.98 lakh equity shares, representing a 26 per cent stake for ₹544 crore at a price of ₹864 per share, as per the filing.
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