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Bloomberg Quint

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Image Credit: Bloomberg Quint

Agro Tech To Buy Ketchup-Maker Del Monte Foods For Rs 1,300 Crore

  • Agro Tech is set to acquire Del Monte Foods Pvt. for Rs 1,300 crore.
  • Upon completion of the acquisition, Del Monte Foods will become a wholly-owned subsidiary of Agro Tech.
  • The acquisition is expected to conclude within nine months following necessary regulatory clearance.
  • Agro Tech aims to capitalize on Del Monte's established product line to cater to both retail and institutional clients.

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