ITC considers a 47% stake purchase in Prataap Snacks, known for its Yellow Diamond chips, from Peak XV Partners.

ITC is considering a 47% stake purchase in Prataap Snacks, known for its Yellow Diamond chips, from Peak XV Partners. This follows failed talks with Haldiram and Bikaji Foods. If successful, ITC would trigger an open offer for an additional 26% of the company, aiming to expand its regional presence. Prataap Snacks' shares have rallied up to 14% in recent trade.

February 22, 2024
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