Announced Mon, 27 Jul · 16:45 IST
Heritage Foods completes 20% stake hike in PBJL, now 71% subsidiary
HERITGFOOD · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Heritage Foods has completed the acquisition of an additional 20% equity stake in Peanutbutter and Jelly Limited (PBJL). Shares were credited to the company's demat account on July 27, 2026. With this, PBJL becomes a 71% subsidiary of Heritage Foods, up from 51% previously. The deal was first approved via intimation dated July 16, 2026.
Likely market impact
Higher control over PBJL subsidiary may boost consolidated revenues and earnings. Minor incremental cost from the additional 20% stake purchase.