Avanti Feeds to acquire 100% of Avanti Frozen Foods

The board of directors of Avanti Feeds approved the purchase of total equity shares of Avanti Frozen Foods Private Limited, at its board meeting held on July 4.

The transaction comprises 5,000 equity shares of INR 10 (€0.14/$0.16) each fully paid up from Sri A Indra Kumar and 5,000 equity shares of INR 10 (€0.14/$0.16) each fully paid from Sri C Ramachandra Rao at par.

Consequent on purchase of shares, Avanti Frozen Foods Private Limited will be a wholly owned subsidiary of the company, reported Equity Bulls.

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