Agro Tech Foods, backed by Samara Capital, is acquiring Del Monte Foods Pvt Ltd in a share swap deal valued at over ₹1,300 crore, making Del Monte its wholly-owned subsidiary. As part of the transaction, Agro Tech will issue 1.33 crore shares at ₹975.5 per share to Bharti Enterprises and Del Monte Pacific, the joint venture’s current owners.
Additionally, Agro Tech gains an exclusive, perpetual license for the Del Monte brand in India, further expanding its food portfolio.