Announced Wed, 22 Jul · 16:46 IST
Board approves 100% acquisition of Funk Foods via share swap
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹57.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.0+6.6————————
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AI summary
Tejassvi Aaharam Limited board approved allotment of 5,11,62,204 equity shares at Rs 10 each (total Rs 51.16 crore) on swap basis to acquire 100% of Funk Foods Private Limited. FFPL makes freeze-dried, clean-label food products and reported Rs 7.97 crore turnover in FY25, up from Rs 1.71 crore in FY24. Not a related party deal. Shareholder and BSE in-principle approvals obtained. No cash outflow.
Likely market impact
100% acquisition expands TAL's food portfolio but causes significant equity dilution for existing shareholders. No cash outflow keeps balance sheet intact.