Hindustan Foods Limited — JV/Acquisition, 03-01-2025: Acquisition

Hindustan Foods Limited's wholly-owned subsidiary, HFL Multiproducts Private Limited, has executed a Business Transfer Agreement to acquire MMG Enterprises' manufacturing facility in Odisha for a cash consideration of ₹29.5 crore. This facility specializes in the manufacturing, processing, and packaging of bottled water. The acquisition is part of Hindustan Foods' strategy to expand into contract manufacturing for bottled water and is expected to be completed by the first quarter of FY 2025-26, contingent upon customary approvals and conditions. This move is poised to enhance operational capacity and market presence in the bottled water segment.