DSM Fresh Foods completes acquisition of Avyom Foodtech as wholly owned subsidiary
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DSM Fresh Foods (Zappfresh) has completed acquiring 100% of Avyom Foodtech Private Limited, making it a wholly owned subsidiary. Cost is Rs. 1 Lakh paid in cash via a preferential issue. It is a related party transaction since promoters and directors are common, done at arm's length. Avyom, formerly IEY Education, operates in food processing with a turnover of about Rs. 14.9 lakh in FY25. The acquisition aims to strengthen DSM's food processing presence and support a proposed slump sale acquisition of Ambrozia Frozen Foods.
Makes Avyom a wholly owned subsidiary to expand DSM's food processing footprint and enable the Ambrozia Frozen Foods deal. Deal size is small.