Convergent, Samara Capital To Acquire Majority Stake In Agro Tech Foods
Convergent Finance LLP and private equity company Samara Capital will buy a 51.8 per cent share in Agro Tech Foods from Conagra Brands, Inc. for USD 78 million (Rs650 crore). The funds will pay an extra USD 44 million (Rs360 crore) for the remaining 26 per cent of outstanding shares through a mandated open offer. […]