Kolkata, March 4 -- Adani Wilmar Limited (AWL) on Tuesday announced the signing of a definitive agreement to acquire G.D. Foods Manufacturing (India) Private Limited ("GD Foods").
The acquisition will be executed in multiple tranches, with 80 percent of the shares to be acquired in the first tranche, and the remaining 20 percent to be acquired over the next three years, according to a media statement here on Tuesday.
In FY'24, GD Foods achieved a revenue of INR 386 crores, growing at a 3-year CAGR of 15 percent, and recorded an EBITDA of INR 32 crores.
Aligned with our vision to cater to the kitchen needs of Indian households, this acquisition offers a strategic advantage by expanding our portfolio with a broad range of value-added food...