Prataap Snacks has completed the acquisition of 76.88% of the share capital of Avadh Snacks (Avadh) from certain of its existing shareholders on October 4, 2018.
Earlier, the Board of Directors of the company in a meeting held on October 1, 2018, took note and approved the payment made towards the acquisition of 4,99,688 equity shares from certain shareholders of Avadh and fresh subscription of 1,01,563 equity shares of Avadh by the company.
Prataap Snacks is Indore-based Indian Snack Food Company. It sells products under the brand name ‘Yellow Diamond’. The company is among the top 6 Indian organized snack market. It has a diversified product portfolio including traditional and western snacks.