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Authum Investment & Infrastructure Limited has received approval from the Competition Commission of India for its proposed acquisition of a 42.31% stake in Prataap Snacks Limited. This deal includes the execution of a Share Purchase Agreement and an open offer for up to 62,98,351 equity shares, which represent 26.01% of the voting share capital. The company is set to provide further updates on the next steps regarding this acquisition. This development marks a significant advancement in Authum's strategic growth plans and highlights its commitment to enhancing its portfolio in the fast-growing snacks segment. Investors should watch closely for the integration strategy and potential synergies from this acquisition.
All announcements from Authum Investment & Infrastructure Limited