Heritage Foods Limited has informed the Exchange regarding 'Completion of acquisition of 51% equity share capital of M/s. Peanutbutter and Jelly Private Limited and execution of Shareholders Agreement'.
HERITGFOOD · price
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Heritage Foods Limited has completed the acquisition of a 51% equity stake in Peanutbutter and Jelly Private Limited (PBJ), a company in the food sector. The shares were acquired from Sky Gate Hospitality Private Limited and were credited to Heritage Foods' demat account on January 8, 2026. The company has also signed a Shareholders' Agreement with PBJ and its founders on January 9, 2026. This is the final step in a deal that was first announced on October 27, 2025, with multiple updates provided in December 2025 and early January 2026. With this, Heritage Foods gains a controlling interest in PBJ.
This acquisition gives Heritage Foods a controlling stake in PBJ, expanding its presence in the packaged food segment beyond its core dairy business. Shareholders may view this as a diversification move, though the financial impact will depend on PBJ's size and contribution to consolidated revenues.