Authum Investment & Infrastructure Limited — Important, 26-02-2025: Agreements

Authum Investment & Infrastructure Limited has successfully acquired 1,02,48,709 equity shares of Prataap Snacks Limited (PSL), which represents 42.33% of PSL's voting share capital. This acquisition includes 127 shares acquired via an open offer and 1,02,48,582 shares obtained through a Share Purchase Agreement (SPA). As a result, PSL will become an associate company of Authum, aligning with Authum's long-term strategy to diversify its portfolio in stable and growth-oriented sectors. The total cost of the acquisition amounts to approximately Rs. 7,64.56 Crore. PSL, established in 2009, is a key player in the Indian snack food industry, known for its product offerings, including potato chips and extruded snacks, with a turnover of Rs. 1,617.93 Crore for the fiscal year ending March 2024. This move enhances Authum's market position and value creation potential moving forward.