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Prataap Snacks Ltd (PSL), one of India’s fastest growing snack foods companies, has announced the acquisition of Gujarat's leading Avadh Snacks Private Limited. The former has agreed to acquire an 80 per cent equity stake for a consideration of Rs 1.48 billion through a combination of primary and secondary investment.
Started in 2010, Avadh has a well-diversified and strong product portfolio of traditional snacks like bhujia, chevda, fafda, gathiya, and extruded pellets like wheels, cups, pasta, etc.. The company is now expanding to neighbouring states of Maharashtra and Rajasthan.
Amit Kumat, MD and CEO, Prataap Snacks said: “PSL has been one
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