DSM Fresh Foods steps into ready-to-eat market with acquisition of Avyom Foodtech
DSM Fresh Foods Limited, which operates the ZappFresh brand and is listed on the BSE SME platform, has approved the acquisition of a 51-60% controlling stake in Avyom Foodtech Private Limited, marking its formal entry into the ready-to-eat (RTE) and ready-to-cook (RTC) food segments and a push into overseas export markets. The acquisition will be executed through a cash infusion of around Rs 7.5 crore by DSM Fresh Foods Limited via a private placement of shares in Avyom Foodtech, resulting in at least 51% equity stake. The company said the transaction is expected to be completed over the next three to nine months. DSM Fresh Foods may also explore the induction of external strategic investors at the Avyom level through the issuance of fresh shares, subject to board approval, to support long-term growth and capital alignment. As part of the broader transaction structure, Avyom Foodtech has entered into a binding term sheet to acquire the operating food processing business of Ambrozia ...
