Shah Foods Limited Acquires Tandhan Power Technologies and Allots Shares
Shah Foods Limited announced the acquisition of Tandhan Power Technologies Private Limited (TPTPL) and preferential allotment of shares on March 27, 2026. The acquisition, previously announced on February 10, 2026, involves a share swap agreement.The company completed the acquisition and has allotted 1,58,85,037 equity shares with a face value of Rs. 10 each at an issue price of Rs. 62.50 per share to the shareholders of TPTPL. This allotment, totaling approximately Rs. 99.28 crore, constitutes a non-promoter public category share offering.Additionally, the company approved the allotment of 68,32,463 equity shares with a face value of Rs. 10 each at an issue...