With this acquisition, Advent International Corp which earlier held a 73.70 per cent stake in DFM Foods through its subsidiary AI Global Investments (Cyprus) PCC now holds 96.18% stake in the firm. The tendering window was opened on 13 December and ended on 5 January.
In a regulatory filing, Advent expressed AI Global's intention to "acquire all the equity shares that are held by public shareholders, either individually or collectively, as the case may be."
Advent, via its affiliate AI Global, will acquire all equity shares held by public shareholders, a regulatory filing said. Consequently, DFM Foods will voluntarily delist from the stock exchanges, it added.