Prataap Snacks Completes Acquisition of RLOP Food Processing for ₹15.45 Crore
Prataap Snacks Limited completed the acquisition of 100% of RLOP Food Processing Private Limited for ₹15.45 crore on August 28, 2026. The acquired entity's land will be used for a new manufacturing project. RLOP Food Processing has not commenced operations.
The acquisition is strategic for future growth, but the target company has not yet commenced operations, limiting immediate impact on revenue or profitability.
The acquisition is strategic and aims to support the company's future manufacturing plans, which is a positive development for growth.
Prataap Snacks Limited has successfully completed the acquisition of 100% of the equity share capital of RLOP Food Processing Private Limited, now a wholly-owned subsidiary. The transaction, finalized on August 28, 2026, involved a cash consideration of ₹15,44,60,000 (Rupees Fifteen Crore Forty-Four Lakh and Sixty Thousand only).
This strategic acquisition is intended to utilize the target company's leasehold land for Prataap Snacks' proposed Greenfield manufacturing project. RLOP Food Processing Private Limited, incorporated on June 24, 2014, has not yet commenced commercial operations and therefore reported no turnover in the last financial year. The acquisition does not involve any related party transactions.
This development follows previous communications regarding the proposed acquisition, including a Share Purchase Agreement execution. The company has informed the National Stock Exchange of India Limited and BSE Limited about the completion of this significant corporate action.
A plain-language summary of a public exchange filing by Prataap Snacks Limited. Read the original for the full detail.