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Packaged food manufacturer Annapurna Swadisht Ltd on Tuesday announced that it would acquire a majority stake in West Bengal-based Andri Agro Foods Pvt Ltd for a total enterprise value of Rs 15 crore. The company has entered into an agreement to acquire 75 per cent of the equity share capital in AAFPL. Post-acquisition, Andri Agro Foods will become a subsidiary of ASL, a company statement said. The move is aimed at strengthening ASL's product portfolio and enabling its entry into the soya-based food products market both in India and overseas. AAFPL manufactures a range of products, including soya chunks and textured vegetable protein (TVP). "The acquisition of AAFPL will enable us to establish our presence in the soya-based product markets both in India and overseas. Besides, it will enable us to enter the groceries segment through bulk and premium namkeen products," Annapurna Swadisht CMD Shreeram Bagla said. The deal would also open export opportunities for the company's existi
1Point1 Solutions, a provider of AI-led business process management (BPM) solutions on Monday announced it is acquiring Costa Ricaheadquartered Netcom Business Contact Center for USD 33.37 million transaction value. The acquisition is targeted for completion by March 31, 2026. The total transaction value for the acquisition of 100 per cent ownership is USD 33.37 million, comprising an upfront payment of USD 25.41 million and an estimated earn-out of USD 8.25 million, subject to post-closing adjustments linked to EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) performance and excess working capital, according to a release. Additional transaction-related costs are estimated at about USD 1 million. "The acquisition is expected to nearly double 1Point1's FY' 27 topline marking a significant step in advancing the company's inorganic growth strategy," it said. It aims to accelerate company's evolution into high-growth global organisation, while deepening domain