Prataap Snacks Limited (BSE:540724) agreed to acquire 10.48% stake in Avadh Snacks Private Limited for approximately INR 330 million on February 4, 2021. Post completion, Prataap Snacks Limited will own 90.48% stake in Avadh Snacks Private Limited. For the financial year ended on March 31, 2020 Avadh Snacks Private Limited reported turnover of INR 1,749.085 million. The transaction is subject to Prataap Snacks Limited board. As of February 4, 2021 the transaction was approved by board. The transaction is expected to close on March 31, 2021. Prataap Snacks Limited (BSE:540724) completed the acquisition of 10.48% stake in Avadh Snacks Private Limited on March 31, 2021.