DSM Fresh Foods to Acquire Majority Stake in Avyom Foodtech, Entering Ready Food Market
2 hours agoBusiness
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DSM Fresh Foods to Acquire Majority Stake in Avyom Foodtech, Entering Ready Food Market

DSM Fresh Foods is acquiring a 51% stake in Avyom Foodtech (AFPL) for approximately Rs 7.5 crore through a preferential allotment. This move signifies DSM's entry into the ready-to-eat and ready-to-cook food solutions market and expansion into export markets. Avyom Foodtech will simultaneously acquire Ambrozia Frozen Foods' processing business, including land, a facility, and machinery, assuming associated liabilities.

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