Prataap Snacks share worth gained over a % on Wednesday after ace investor Madhusudan Kela’s spouse Mahi Madhusudan Kela bought a stake within the firm.
Mahi Madhusudan Kela along with Authum Funding & Infrastructure Ltd (AIIL) have acquired 46.87% stake within the snacks maker, a inventory change submitting confirmed.
Authum had knowledgeable that it acquired 127 fairness shares of Prataap Snacks by way of an open provide at ₹865.66 per share, totalling ₹1,09,939. Earlier, it acquired 1,02,48,582 shares beneath the Share Buy Settlement (SPA) at ₹746 per share, amounting to ₹764.54 crore.
“… as of February 25, 2025, Authum has acquired 1,02,48,709 fairness shares of Prataap Snacks, of which 127 fairness shares had been acquired by means of open provide and 1,02,48,582 fairness shares had been acquired beneath the Share Buy Settlement, representing 42.33% of the voting share capital of Prataap Snacks,” a regulatory submitting mentioned.
Mahi Madhusudan Kela and Authum Funding & Infrastructure now collectively maintain 1,13,48,582 Prataap Snacks shares, representing 46.87% stake within the firm.
Mumbai-based funding agency, Authum Funding & Infrastructure had initially introduced its intention to amass Prataap Snacks in September 2024. The deal, which required regulatory approvals, together with clearance from the Competitors Fee of India (CCI), was finalized on 25 February 2025.
The acquisition contains 1,02,48,709 Prataap Snacks shares, making it an affiliate firm of Authum.
The deal acquired approval from the Competitors Fee of India (CCI) on December 31, 2024.
In the meantime, Prataap Snacks additionally acquired requests from Peak XV Companions Development Investments II, Peak XV Companions Development Funding Holdings I and Sequoia Capital GFIV Mauritius Investments, a part of Promoter and Promoter Group of the Firm, looking for reclassification from the “Promoter / Promoter Group Class” to “Public Class”.
The request was pursuant to the execution of Share Buy Settlement dated twenty sixth September, 2024 between the above talked about sellers and consumers, together with Authum Funding and Infrastructure and Ms. Mahi Madhusudan Kela, and the Open Supply.
Prataap Snacks Inventory Worth Pattern
Prataap Snacks share worth has gained 10% in a single month, and has rallied 26% over the previous six months. The small-cap inventory is down 3% in a single yr, however has surged greater than 38% in two years and 54% prior to now 5 years.
At 12:10 PM, Prataap Snacks shares had been buying and selling 0.97% greater at ₹1,108.90 apiece on the BSE.
Disclaimer: The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to verify with licensed specialists earlier than making any funding selections.
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