Tasty Bites Eatables board approves preferential allotment of shares

| Updated on July 12, 2019 Published on July 12, 2019

The board of directors of Tasty Bites Eatables on Friday approved a proposal for preferential allotment of up to 15,500 equity shares of face value ₹10 each for cash at a price of ₹9,030 to its promoter company, Preferred Brands Foods (India) Private Ltd. The total consideration works out to about ₹14 crore. It may be recalled that Mars Food in 2017 had acquired a majority stake in Preferred Brands International, which owns the Indian arm Preferred Brands Foods. Shares of Tasty Bites Eatables closed at ₹8,947.45, down 1.24 per cent, on the BSE.

Published on July 12, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.