Matco Foods Limited has disclosed that it has received a non-binding offer for the divestment of its entire shareholding in its subsidiary, Matco Corn Products (Private) Limited, from IGI Investments (Private) Limited. The Board has authorized management to negotiate the terms of this potential transaction.
- Matco Foods is considering a divestment of 100% of its subsidiary, Matco Corn Products.
- The offer comes from IGI Investments, a wholly owned subsidiary of IGI Holdings Limited.
- Arif Habib Limited has been appointed as the Sell-Side Advisor for the proposed transaction.
- Further disclosures will be made as the transaction progresses.