Authum Investment & Infrastructure Limited has successfully acquired a 42.33% stake in Prataap Snacks Limited (PSL), marking a significant move in its investment strategy. This acquisition, completed on February 25, 2025, includes 1,02,48,709 equity shares—127 shares acquired through an open offer and 1,02,48,582 shares through a Share Purchase Agreement (SPA). As a result, PSL will now function as an associate company of Authum Investment.
PSL, a leading Indian snack food company, is known for its extensive product range, including potato chips, extruded snacks, and namkeen. Established in 2009 and headquartered in Madhya Pradesh, PSL has consistently demonstrated strong financial performance, with a turnover of ₹1,617.93 crores in FY 2023-24. The acquisition aligns with Authum’s long-term growth strategy, expanding its portfolio in high-potential sectors.
The acquisition was executed at a total cost of ₹764.55 crores, with shares acquired at ₹865.66 per share via the open offer and ₹746 per share under the SPA. The deal received approval from the Competition Commission of India on December 31, 2024, ensuring compliance with regulatory requirements.