Key insights
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1
Portfolio expansion into soya-based foods and namkeen: Shreeram Bagla said the acquisition would establish a presence in soya-based product markets in India and overseas and enable entry into the groceries segment through bulk and premium namkeen products.
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2
Export push tied to the acquisition: Shreeram Bagla said the deal would open export opportunities for the existing portfolio alongside namkeen products and boost topline and bottomline.
Takeaways
Annapurna Swadisht is set to make Andri Agro Foods its subsidiary through a Rs 15 crore deal for a 75% stake and is targeting expanded product lines and a combined turnover of Rs 50–60 crore.