Sabar Flex India Limited Acquires Abode Foods & Beverages Private Limited
Sabar Flex India Limited announced March 26, 2026, that it has acquired 100% of the paid-up share capital of Abode Foods & Beverages Private Limited. The acquisition involved the purchase of 10,000 equity shares. As a result of the acquisition, Abode Foods & Beverages Private Limited has become a wholly-owned subsidiary of Sabar Flex India Limited, effective March 26, 2026.The acquisition aligns with Sabar Flex India Limited's strategy for business expansion and diversification.
Details of the Acquired Entity
Abode Foods & Beverages Private Limited is engaged in the business of Food & Beverages and Agro. The company was incorporated in India (CIN: U15100GJ2018PTC103371) and has a presence in India. Financial performance for the past two fiscal years is detailed below:
| Financial Data (Lakhs) | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Turnover | 32,652.17 | 23,739.20 |
The acquisition was completed on March 26, 2026, and involved a cash consideration. The acquisition does not fall within related party transactions, and the promoter/promoter group/group companies do not have any interest in the target company. Governmental or regulatory approvals were not required for the acquisition.
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