ADF Foods Limited — JV/Acquisition, 14-02-2025: Acquisition

ADF Foods Limited is making an additional investment of up to USD 2.5 million in its wholly-owned subsidiary, ADF Foods UK Limited, through Optionally Convertible Preference Shares (OCPS). This investment aims to facilitate funding for ADF Foods UK’s step-down subsidiary in the US, ADF Holdings (USA) Limited, enhancing its working capital for initiatives like expanding distribution and brand development. ADF Foods UK, incorporated in 2002, reported a turnover of Rs. 2,156.45 Cr as of March 2024, while ADF Holdings (USA) Limited had a turnover of Rs. 12,608.78 Cr for the same period.