Avanti Feeds Limited has informed the Exchange regarding Outcome of Board Meeting held on April 01, 2026.
AVANTIFEED · price
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Avanti Feeds Limited's board approved an investment of USD 3 million for a 10% stake in Thai Union Feedmill Ecuador S.A.S. (TFME), a yet-to-be-incorporated joint venture entity in Ecuador, South America. TFME will engage in aquaculture feed manufacturing and distribution. The holding company is Thai Union Feed Mill Public Company Limited, Thailand, which is already an associate company and JV partner of Avanti Feeds. The investment will be in cash at par value of USD 1 per share, with 3 million shares being subscribed.
This investment expands Avanti Feeds' international footprint in South America through its existing JV partner Thai Union, potentially diversifying revenue sources and leveraging synergies in the global aquaculture feed market. The relatively small 10% stake suggests a strategic minority position in a new market.