Unity Foods (UNITY): Acquisition of Uni-foods by Unity Foods – By Topline Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per the notice to exchange, Sunridge Foods, a wholly owned subsidiary of Unity Foods (UNITY) has decided to make an offer for purchase 100% shareholding of UniFood Industries Limited (UFIL) at a total transaction value of Rs1.2bn.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">UniFood Industries Limited (UFIL) is a consortium/Joint Venture between Habib Sugar Mills Limited (HABSM), Faran Sugar Mills Limited (FRSM) and Mehran Sugar Mills Limited (MRNS) having stake of 41%, 35% and 24%, respectively. UFIL owns a bakery and confectionary brand named &ldquo;Good Goodies Cakes&rdquo;.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As per the latest ...