By Admin 
Zappfresh Share: Shares of DSM Fresh Foods, a company that sells fresh meat products under the Zappfresh brand in India, will be in focus on Monday as it is going to enter a new segment. DSM Fresh Foods informed in a press release on January 3, 2025 that its Board of Directors has approved the acquisition of Avyom Foodtech Private Limited (AFPL) on January 2, in which it will get 51 percent stake in this ready-to-eat food company.
With this acquisition, DSM Fresh Foods now formally enters the ready food solutions segment, which includes ready-to-eat (RTE) and ready-to-cook (RTC) categories. With this deal the company will be helped in expanding its reach in the foreign export market.
Deal will be done through cash infusion
DSM Fresh Foods will make this deal through a cash investment of Rs 7.5 crore and then will buy the shares of Aviom Foodtech with the same. After the cash investment, the company will have 51 percent stake in AFPL. The company says that after getting the approval of the board, the company can also consider involving external strategic investors in AFPL by issuing a fresh issue. The purpose of this structure is to ensure strong coordination between operating management and long-term capital partners, as well as support the company’s objectives for strategic growth.
The acquisition includes land measuring approximately 5 acres, a fully operational food processing facility, and associated plant and machinery. Apart from this, liabilities like bank loans and trade payables are also included.
Shares of DSM Fresh Foods
After this news of acquisition, there may be movement in the shares of DSM Fresh Foods on Monday. On Friday, January 2, it closed at Rs 140.50 per share on BSE, which shows a decline of 2.53 percent compared to the previous closing price.
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