This summary highlights recent acquisition activities by four companies based on their official disclosures. These acquisitions represent strategic moves to enter new markets, strengthen existing portfolios, or leverage synergies. The companies involved—Agro Tech Foods Limited (ATFL), ITC Limited, JK Lakshmi Cement Ltd., and Expleo Solutions Ltd.—have pursued acquisitions that differ in scope, industry, and strategic intent, showcasing diverse approaches to growth and competitive positioning.
Summary of Recent Company Acquisitions
Agro Tech Foods Limited (ATFL)
- Acquisition: 100% share capital of Del Monte Foods Private Limited (DMFPL).
- Completion Date: February 6, 2025.
- Transaction Details: ATFL issued 1,33,27,589 equity shares at ₹975.5 per share to DMFPL’s selling shareholders via preferential allotment.
- Post-Acquisition Changes: DMFPL became a wholly-owned subsidiary of ATFL, with its board and that of its subsidiary, Del Monte Foods India (North) Private Limited, restructured to include ATFL nominees.
- Strategic Intent: The acquisition enables synergy integration, geographic expansion, and diversification into new product categories.
ITC Limited
- Acquisition: 100% share capital of Ample Foods Private Limited (AFPL) (along with its subsidiary Chao Chao Foods Private Limited (CCFPL)) and Meat and Spice Private Limited (MSPL).
- Stake Details: MSPL owns 43% of AFPL.
- Business Focus: AFPL and MSPL manufacture and sell ready-to-cook meals, snacks, sauces, condiments, raw and deli meat, marinades, cheese, and frozen foods under the Prasuma and Meatigo brands.
- Strategic Intent: Strengthen ITC’s position in India’s fast-growing frozen, chilled, and ready-to-cook food market.
- Acquisition Timeline:
- Phase 1: Acquire 62.5% of AFPL via primary subscription and secondary purchases for ₹131 crore by March 31, 2025.
- Phase 2: Increase stake to 62.5% by April 2027 through additional secondary purchases of ₹56 crore.
- Final Phase: Acquire the remaining 37.5% in AFPL and 100% in MSPL by June 30, 2028, based on pre-agreed valuation criteria.
JK Lakshmi Cement Ltd.
- Acquisition: 26% equity stake in STLC RE Ltd. (STLC).
- Company Profile: Incorporated on December 30, 2024, STLC focuses on solar power generation.
- Transaction Details: Investment of up to ₹3.50 crore.
- Completion Timeline: By June 30, 2025.
- Post-Acquisition Impact: STLC will become an Associate Company of JK Lakshmi Cement.
- Promoter Involvement: STLC is 100% owned by Sago Trading Limited, a member of JK Lakshmi Cement’s Promoter Group.
Expleo Solutions Ltd.
- Investment: SAR 9,39,000 in the share capital of Expleo Solutions Arabia Limited, based in Saudi Arabia.
- Ownership Impact: Expleo Solutions Arabia Limited will become a wholly-owned subsidiary of Expleo Solutions Ltd.
- Operational Status: The subsidiary is yet to commence business operations.
- Business Focus: Providing Information Technology Enabled Services (ITES).
