ALPHA TRIBE

Sundrop Brands LimitedImportant, 07-03-2025: General Updates

07-03-2025 | 05:04 pm

Agro Tech Foods Limited has received listing approval from BSE for 1,33,27,589 equity shares, each with a face value of ₹10, issued at a premium of ₹965.50 per share. These shares were allotted on a preferential basis to non-promoter entities in exchange for shares of Del Monte Foods Private Limited. Notable allottees include DMPL India Limited with 54,25,096 shares and various Bharti entities. This development strengthens the company’s equity position, potentially enhancing its financial flexibility and market standing. Investors should watch closely as this change may signal growth opportunities and improved investor sentiment.

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