Authum Investment & Infrastructure, in continuation of its announcements on September 26, 2024, December 23, 2024, December 31, 2024 & February 26, 2025, said it has successfully acquired 1,02,48,709 equity shares of Prataap Snacks Limited (PSL), representing 42.33% of its voting share capital. The acquisition was executed through a Share Purchase Agreement (SPA) and an open offer, with all necessary approvals, including clearance from the Competition Commission of India on December 31, 2024.
PSL, a leading Indian snack food company engaged in manufacturing and marketing products such as potato chips, extruded snacks, and namkeen, is listed on the BSE and NSE. As of March 31, 2024, PSL had a net worth of ₹728.75 crore and a turnover of ₹1,617.93 crore.
This strategic acquisition, completed through cash consideration amounting to ₹7,64,55,52,111, aligns with Authum’s vision to diversify its portfolio and invest in high-growth sectors. Following this transaction, PSL will be classified as an associate company of Authum Investment & Infrastructure.
PSL was incorporated on March 23, 2009, and operates across India. Its financial performance over the last three financial years has been consistent, with a turnover of ₹1,396.61 crore in FY 2021-22, ₹1,652.93 crore in FY 2022-23, and ₹1,617.93 crore in FY 2023-24. This acquisition represents a significant milestone for Authum Investment & Infrastructure, reinforcing its commitment to investing in high-potential businesses and strengthening its market presence.