The Competition Commission of India (CCI) has approved the acquisition of 72.89% voting share capital in Prataap Snacks Limited by Authum Investment & Infrastructure Limited and Ms. Mahi Madhusudan Kela. This strategic move aims to strengthen the snack fo
CciPrataap Snacks LimitedAuthum InvestmentNbfcAcquisitionsReal EstateJan 01, 2025
The proposed acquisition involves 72.89% of the voting share capital in Prataap Snacks Limited.
The main acquirers are Authum Investment & Infrastructure Limited and Ms. Mahi Madhusudan Kela.
Authum Investment & Infrastructure Limited provides services such as investment in listed and unlisted companies, real estate investments, lending services, and structured credit.
Prataap Snacks Limited's popular brands include 'Yellow Diamond' and 'Avadh'.
The CCI's approval ensures that the transaction aligns with competition laws and promotes a healthy business environment, allowing for continued growth and innovation in the snack food sector.
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