Mumbai, March 4 -- Adani Wilmar (AWL) today announced the signing of a definitive agreement to acquire G.D. Foods Manufacturing (India) (GD Foods). The acquisition will be executed in multiple tranches, with 80% of the shares to be acquired in the first tranche, and the remaining 20% to be acquired over the next three years. In FY'24, GD Foods achieved a revenue of Rs 386 crore, growing at a 3-year CAGR of 15%, and recorded an EBITDA ofRs 32 crore.

Published by HT Digital Content Services with permission from Capital Market....