FilingReader Intelligence

Adani Wilmar to acquire G.D. Foods, expanding kitchen essentials

March 4, 2025 at 07:01 PM UTCBy FilingReader AI

** Adani Wilmar (AWL) is set to acquire G.D. Foods, owner of the "Tops" brand, in a phased approach, strengthening its position in the packaged foods market and broadening its kitchen essentials offerings. AWL will initially acquire 80% of G.D. Foods' shares for INR 603 crores, with the remaining 20% to be acquired over the next three years. The acquisition of G.D. Foods, a leading player in sauces and pickles, is aimed at unlocking significant value by leveraging AWL's distribution network. For FY24, G.D. Foods' revenue was INR 386 Crores and EBIDTA was INR 32 Crores. The existing promoter is expected to stay on to help with the value creation and the brand transition. The acquisition will be funded through internal accruals and IPO proceeds. AWL’s strong infrastructure and brand ‘Fortune' built over last 25 years, along with Wilmar's deep expertise in the food industry gives us confidence that we can leverage the massive opportunity of serving every Indian household in packaged foods category.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:AWLBombay Stock Exchange

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