CCI Approves ATFL's Acquisition of DMFPL, Preferential Allotment to Bharti and DMPL India.

Banking & Finance

On January 21, 2025, the Competition Commission of India (CCI) approved the following proposals :


      - Gurugram-based Agro Tech Foods Limited (ATFL) has acquired 100% shareholding of Gurugram (Haryana)-based Del Monte Foods Private Limited (DMFPL) in a deal worth ₹1,300 crore.

      - Approval was granted for the merger of 9 entities with pharmaceutical firm Sequent Scientific Limited (SSL).

      - Singapore-based Majesty II Pte. Limited acquired 100% shareholding of Cyprus-based investment holding company of Advent International Group, AI Lenarco Midco Ltd.

Main Point :-   (i) As per the proposed combination, Agro Tech Foods Limited (ATFL), the Acquirer, will purchase the entire shareholding of Del Monte Foods Private Limited (DMFPL), the Target, from its existing shareholders: Bharti Enterprises Limited (BEL), a conglomerate primarily engaged in management consultancy services within the Bharti Group (including its subsidiaries), and DMPL India Limited (DMPL India).

      (ii) ATFL will issue 20.95% and 14.39% of its equity shares to Bharti and DMPL India, respectively, through preferential allotment.


About Competition Commission of India (CCI)

Chairman : Ravneet Kaur
Headquarters : New Delhi
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