Adani Wilmar to acquire GD Foods
Adani Wilmar (AWL) is acquiring GD Foods, maker of the Tops brand, to strengthen its presence in the kitchen essentials segment. AWL will acquire 80% shares for Rs 603 crore, with the remaining 20% bought over three years. This move expands AWL’s product range beyond staples to sauces, pickles, and more. Funded through internal accruals and IPO proceeds, the acquisition aligns with the company’s pan-India growth strategy.
Adani Wilmar (AWL) is acquiring GD Foods, maker of the Tops brand, to strengthen its presence in the kitchen essentials segment. AWL will acquire 80% shares for Rs 603 crore, with the remaining 20% bought over three years. This move expands AWL’s product range beyond staples to sauces, pickles, and more. Funded through internal accruals and IPO proceeds, the acquisition aligns with the company’s pan-India growth strategy.
