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Prataap Snacks to offload 26% stake

October 12, 2024

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The Morning Standard

AUTHUM Investment & Infrastructure and Mahi Madhusudan Kela, who bought the 47% stake of private equity (PE) firm Peak XV (formerly Sequoia Capital) in Prataap Snacks (PSL) on Friday submitted a draft letter to the stock exchange to launch the mandatory open offer for acquiring an additional 26.01% stake.

"This offer is being made by the Acquirer along with the PAC to the Public Shareholders to acquire up to 62,98,351 equity shares representing 26.01% of the voting share capital (offer size), at an offer price of ₹864 per equity share (offer price) determined in accordance with the provisions of S

المزيد من القصص من The Morning Standard

The Morning Standard

The Morning Standard

Jamie Lee Curtis confirms The Bear will end

JEREMY Allen White-led drama The Bear is coming to an end with its upcoming season 5, actor Jamie Lee Curtis has revealed in a recent interview.

time to read

1 mins

March 06, 2026

The Morning Standard

Congress fields Dalit leader in Haryana to strike caste balance

THE Congress has fielded Karamvir Singh Baudh, a scheduled caste leader from Haryana, for the March 16 Rajya Sabha elections.

time to read

1 min

March 06, 2026

The Morning Standard

India unlikely to see major gas crisis

lf there is impact of Qatar LNG supply cut, Centre may re-prioritise gas supplies: Govt official | GAIL assessing impact on users after Petronet halted LNG supplies.

time to read

2 mins

March 06, 2026

The Morning Standard

The Morning Standard

TRIBES ART FEST 2026: CRAFTS,PAINTINGS,DEMOS

A vibrant celebration of India’s indigenous artistic traditions is underway in the capital as the Tribes Art Fest (TAF) 2026 brings together artisans and performers from across the country.

time to read

1 min

March 06, 2026

The Morning Standard

Two bodies recovered in Sadar Bazar; one killed, 50 huts destroyed in Rithala

THREE people were killed in two separate fire incidents in the national capital, officials said.

time to read

1 mins

March 06, 2026

The Morning Standard

Trade deal with India near finish line: US official

THE proposed bilateral trade agreement between the United States and India is nearing completion, said Christopher Landau, Deputy Secretary of the US Department of State, on Thursday.

time to read

1 mins

March 06, 2026

The Morning Standard

Iran war to cost Israel $3 billion a week, says FinMin

THE ongoing war with Iran could cost Israel an estimated NIS 9.4 billion per week under current restrictions on economic activities, the Israeli Finance Ministry has warned.

time to read

1 min

March 06, 2026

The Morning Standard

The Morning Standard

Trump calls Kurdish fighters joining Iran war ‘wonderful’

Fresh strikes hit Iranian Kurdish opposition targets in northern lraq

time to read

2 mins

March 06, 2026

The Morning Standard

The Morning Standard

Speculation over, Nitish files Rajya Sabha papers

THREE-and-a-half months after being sworn-in as Bihar chief minister for a record 10th time, JD(U) chief Nitish Kumar on Thursday filed his nomination papers for Rajya Sabha, marking his return to national politics after two decades.

time to read

1 min

March 06, 2026

The Morning Standard

The Morning Standard

24 US states challenge Don’s new tariffs in court

SOME two dozen states challenged President Donald Trump’s new global tariffs on Thursday, filing a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court.

time to read

1 min

March 06, 2026

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