Authum Invst & Mahi Kela Acquire Prataap Snacks: CCI Approval
By Rediff Money Desk, New Delhi Dec 31, 2024 20:01
Authum Investment & Infrastructure and Mahi Madhusudan Kela receive CCI approval to acquire 72.8% stake in Prataap Snacks, a leading snack maker in India.

New Delhi, Dec 31 (PTI) The Competition Commission of India (CCI) on Tuesday cleared Authum Investment & Infrastructure and investor Mahi Madhusudan Kela's proposal to acquire Prataap Snacks Ltd.
Indore-based Prataap Snacks is a snack maker, sells chips, nuts and crisps under the 'Diamond' brand.
The company operates 15 manufacturing facilities and partners with more than 5,200 super or sub-distributors, which helps it reach over 2.5 million touchpoints in India.
"CCI approves the proposed combination involving the acquisition of 72.8 per cent voting share capital in Prataap Snacks Ltd by Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela," the regulator said in a post on X.
Madhuri Madhusudan Kela is the wife of renowned investor Madhusudan Kela.
Alpana Sanjay Dangi's Authum Investment & Infrastructure Ltd is a registered NBFC carrying out the business of investment in shares and securities and also financing activities to achieve the goal of enhancing the value for its stakeholders.
The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices and promotes fair competition in the marketplace.
Indore-based Prataap Snacks is a snack maker, sells chips, nuts and crisps under the 'Diamond' brand.
The company operates 15 manufacturing facilities and partners with more than 5,200 super or sub-distributors, which helps it reach over 2.5 million touchpoints in India.
"CCI approves the proposed combination involving the acquisition of 72.8 per cent voting share capital in Prataap Snacks Ltd by Authum Investment & Infrastructure Ltd and Mahi Madhusudan Kela," the regulator said in a post on X.
Madhuri Madhusudan Kela is the wife of renowned investor Madhusudan Kela.
Alpana Sanjay Dangi's Authum Investment & Infrastructure Ltd is a registered NBFC carrying out the business of investment in shares and securities and also financing activities to achieve the goal of enhancing the value for its stakeholders.
The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices and promotes fair competition in the marketplace.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.47 (+ 2.05)
- 61048233
- Thinkink Picturez
- 0.45 ( 0.00)
- 22664084
- G G Engineering
- 1.22 ( -3.94)
- 18109205
- Srestha Finvest
- 0.69 ( -1.43)
- 12131937
- Hathway Cable & Data
- 14.75 ( -2.12)
- 11583833
MORE NEWS

Chatbot Apologies: IIM Lucknow Study Reveals...
An IIM Lucknow study shows that concrete language in chatbot apologies is best for...

ESC Launches 'Ignite Tech Startups' Mentoring...
ESC and Marwari Catalysts launch 'Ignite Tech Startups' program, offering funding,...

Rs 2,000 Crore Investment to Boost Bengal...
The foundry industry in West Bengal is set to receive Rs 2,000 crore investment by...