ADF Foods Limited
SBI Funds Management bought 9,00,000 shares of ADF Foods Limited for ₹23.40 Cr at ₹260.00 apiece in a bulk deal. SBI Funds Management also acquired an additional 13,00,000 shares at ₹259.98 each, bringing their total acquisition to a 2% stake worth ₹57.19 crore.
A producer and exporter of traditional Indian food products including pickles, chutneys, pastes, sauces, ready-to-eat meals, frozen and canned foods. The company distributes its products across Europe, the United States, Australia and the Gulf region. ADF Foods also operates dedicated distribution subsidiaries in the USA and UK that function as agents for FMCG product distribution in these key markets.
AMC behind SBI Mutual Fund, India's largest fund house by AUM and a JV between State Bank of India and Amundi. The PMS and AIF arm manages around Rs 12,000 cr for HNI and institutional mandates across discretionary and non-discretionary equity strategies, led by Gaurav Mehta as CIO Alternatives.
