PE investor Advent to buy Crax maker DFM Foods1 min read . Updated: 09 Sep 2019, 11:06 PM IST
- Advent signs a definitive agreement to acquire a majority stake in DFM Foods for an estimated ₹852 crore
- Acquisition will trigger an open offer to DFM’s public shareholders for an additional 26% stake in the company in line with Sebi rules
NEW DELHI : US-based private equity (PE) firm Advent International on Monday said it has signed a definitive pact to buy a majority stake in DFM Foods Ltd from its promoters and existing investors, including WestBridge Crossover Fund, LLC, for an estimated ₹852 crore.
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