Acquisition History / Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela / Prataap Snacks Ltd (46.85%)
Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela Acquires Prataap Snacks Ltd (46.85%)
Announced September 27, 2024 — $95.7M
What happened
Authum Investment & Infrastructure and investor Mahi Madhusudan Kela signed a share purchase agreement to buy the entire 46.85% promoter holding in Indore-based Prataap Snacks, which owns the Yellow Diamond and Rich Feast brands. The sellers were private equity promoters Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II and Sequoia Capital GFIV Mauritius. The stake of about 1.02 crore shares was valued at Rs 846.60 crore.
- Target
- Prataap Snacks Ltd (46.85%)
- Announced
- September 27, 2024
- Price
- $95.7M
- Industry
- Packaged snacks
- Buyer type
- Holding company
- Backing investors
- Peak XV Partners (seller), Sequoia Capital GFIV Mauritius (seller)
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela acquire Prataap Snacks Ltd (46.85%)?
Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela acquired Prataap Snacks Ltd (46.85%) on September 27, 2024. This was Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela's 1st publicly tracked acquisition out of 1 we have on record.
How much did Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela pay for Prataap Snacks Ltd (46.85%)?
Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela paid $95.7M for Prataap Snacks Ltd (46.85%).
What does Prataap Snacks Ltd (46.85%) do?
Authum Investment & Infrastructure and investor Mahi Madhusudan Kela signed a share purchase agreement to buy the entire 46.85% promoter holding in Indore-based Prataap Snacks, which owns the Yellow Diamond and Rich Feast brands. The sellers were private equity promoters Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II and Sequoia Capital GFIV Mauritius. The stake of about 1.02 crore shares was valued at Rs 846.60 crore.
What other Packaged snacks companies has Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela acquired?
Prataap Snacks Ltd (46.85%) is Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela's only publicly tracked acquisition in Packaged snacks so far.