Allotment of 5.11 crore equity shares via share swap for Funk Foods acquisition
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved allotment of 5,11,62,204 equity shares at Rs 10 each (aggregating Rs 51.16 crore) on preferential basis for consideration other than cash, to acquire 33,67,042 shares of Funk Foods Private Limited via share swap. Allottees are 10 entities and individuals, mostly promoter group, who will collectively hold 87.96 percent post-allotment. Shareholders had approved this via postal ballot on 26 March 2026 and BSE had given in-principle approval on 7 July 2026.
Major share swap-based acquisition of Funk Foods. Existing shareholders face significant dilution as allottees gain 87.96 percent stake. No cash outflow for the company.