DFM Foods delisting offer successful, price set at Rs 467 a share
With this acquisition, Advent International Corp which earlier held a 73.70 per cent stake in DFM Foods through its subsidiary AI Global Investments (Cyprus) PCC now holds 96.18% stake in the firm. The tendering window was opened on 13 December and ended on 5 January.
Promoters held a 74.76% stake in the company, and if they accept the discovered price of ₹525 per share, their stake will increase to 91.29%. Once the promoter has acquired control of the 90% of the share capital of a company, they can delist it from the bourses.
DFM Foods zooms 20% as firm looks to delist from bourses
Explaining the rationale for delisting of equity shares, the filing added that the acquirer would obtain full control of the company and shareholders will realise immediate certain value for the shares.
Advent announces proposal to delist DFM Foods from stock exchanges
Advent, via its affiliate AI Global, will acquire all equity shares held by public shareholders, a regulatory filing said. Consequently, DFM Foods will voluntarily delist from the stock exchanges, it added.
A statement issued by Eureka Forbes said Pota will lead the management team to continue scaling the business, solidifying Eureka Forbes market leadership position, and delivering innovative products for a growing customer base. He will join Eureka Forbes on August 16, 2022.
PE firm Advent raises $25 billion global fund; India CEO Shweta Jalan says fund will support local expansion
“The fresh fundraise through GPE X will support our expansion in India over the next few years and allow us to tap into attractive opportunities in a growing market”, Advents India chief executive officer Swheta Jalan said. Advent did not provide details of what quantum of the fund could be dedicated to Indian investments.
#DFMFOODS is trading near it's multi year support band of 190-200. It is a small cap company with 1000 Cr market cap trading at attractive PE of 36 which is lower than its competitors. It is a profitable company with huge growth prospects. Moreover, promoterse hold major stake an......read more
Breakout in DFM Foods... for NSE:DFMFOODS by MandeepSinghKohli
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Trade Setup for Monday: Top 15 things to know before Opening Bell
Experts feel that there could be a possibility of further downside if Nifty50 trades below 12,160 levels in the coming week as well. The near term outlook is tilted towards bears as MACD gave a bearish crossover or triggered a sell signal on charts.
DFM Foods Ltd. (NSE:DFMFOODS), India's 10th largest Packaged foods company by market cap, has increased Rs1.80 (0.6%) from its previous trading session to close at Rs287.25. Compared with the BSE SENSEX Index which fell 181.4 points (0.4%) ......read more
DFM Foods down 7% on open offer announcement by Advent International
The open offer for 1.3 crore shares having a face value of Rs 2 each at an offer price of Rs 249.50 per equity share. However, it is lower than Rs 270.20 at which DFM Food shares closed on BSE on Monday.