ChrysCapital is buying the stake in Theobroma via its associates, Infinity Companions, Aqua Investments Ltd and Atreides Investments BV.
“The proposed mixture pertains to the acquisition of sure fairness shareholding of Theobroma Meals Pvt Ltd (Theobroma) by Infinity Companions, Aqua Investments Restricted and Atreides Investments BV,” the Competitors Fee of India (CCI) mentioned in a launch.
Theobroma is engaged within the enterprise of producing and sale of bakery and confectionery merchandise, meals and drinks via its patisseries and shops current in over 30 cities in India and through its on-line platform and different on-line gross sales channels.
“CCI approves acquisition of sure fairness shareholding of Theobroma Meals Pvt Ltd by Infinity Companions, Aqua Investments Ltd and Atreides Investments BV,” the regulator mentioned in a submit on X.
In keeping with experiences, ChrysCapital is ready to amass a 90 per cent stake in Theobroma Meals for an estimated Rs 2,410 crore. ChrysCapital signed a deal to amass a majority stake in Theobroma from its promoters and the present current investor ICICI Enterprise, as per experiences. Nonetheless, the founders will retain round 10 per cent holding within the firm. ICICI Enterprise owns almost a 42 per cent stake in Theobroma. It had invested almost USD 20 million in 2017.
Theobroma was based in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman Wykes.
Offers past a sure threshold require approval from the regulator, which retains a tab on unfair enterprise practices in addition to promotes honest competitors within the market.
