Elitecon International expands FMCG business with agro-product acquisitions

Elitecon International Limited has acquired equity stakes in Landsmill Agro Private Limited and Sunbridge Agro Private Limited, making them subsidiaries. These acquisitions are part of Elitecon's strategy to expand and strengthen its FMCG business, enhance operational scale, increase product depth, and diversify revenue streams.

In Landsmill Agro Private Limited, incorporated on October 3, 2019, Elitecon acquired a 55% stake for a cash consideration of Rs.52,85,45,160. The entity's turnover for the fiscal year 2024-25 was Rs.139,480.05 Lakhs. For Sunbridge Agro Private Limited, incorporated on February 7, 2022, Elitecon acquired a 51.65% stake for Rs.128,40,27,940. Sunbridge Agro reported a turnover of Rs.144,304.32 Lakhs for the fiscal year 2024-25.

Elitecon International aims to acquire 100% equity stake in both entities within a 12-month period, reflecting its commitment to fully integrate these agro-product businesses into its existing operations.