💨 Abstract

Agro Tech Foods Limited has announced the acquisition of 100% stake of Del Monte Foods Private Limited. The deal grants Agro Tech Foods an exclusive, perpetual license to the Del Monte brand in India and integrates Del Monte's operations into its own. As part of the transaction, both Bharti Enterprises and DMPL will receive shares of Agro Tech Foods, becoming public shareholders.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖