Indian conglomerate ITC has agreed to acquire Prasuma to strengthen its presence in frozen, chilled and ready-to-cook foods.
ITC will acquire an initial tranche of 43.8% upfront, with the remaining stake to be purchased in tranches by June 2028, subject to valuation parameters.
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The global freeze drying equipment market is propelled by a robust Compound Annual Growth Rate (CAGR) of 7.1% from 2023 to ...