Authum Investment & Infrastructure, along with Mahi Madhusudan Kela, will acquire a 46.85 per cent stake in Prataap Snacks, the Indore-based packaged foods company that owns the snack brand Yellow Diamond and sweet snacks brand Rich Feast, in a deal valued at Rs 846.60 crore.
They have entered into a share purchase agreement on Thursday to acquire the entire 46.85 per cent shareholding, which is around 1.02 crore equity shares, from its three Private Equity promoters, according to an early morning filing by Prataap Snacks.
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