DMPL sells more shares in Sundrop BrandsIn a stock exchange filing, DMPL said it completed the sale of an additional 1.45 percent equity interest in Sundrop Brands following the satisfaction of the relevant conditions precedent. MANILA, Philippines — Singapore and Philippine-listed Del Monte Pacific Ltd. (DMPL) has sold more shares in Sundrop Brands Ltd. as part of efforts to divest its shareholdings in India’s leading food and edible oils industry player. In a stock exchange filing, DMPL said it completed the sale of an additional 1.45 percent equity interest in Sundrop Brands following the satisfaction of the relevant conditions precedent. DMPL earlier raised $15 million from the sale of 4.99 percent stake in Sundrop Brands to CAG-Tech (Mauritius) Ltd., an investment holding company that acts as the promoter for Sundrop Brands. By divesting the company’s shareholdings in Sundrop Brands, DMPL is expected to enhance financial flexibility by unlocking value from non-core investments and refocus management and capital on businesses where the group has long-term strategic advantage.

Source: Philippine Star January 14, 2026 16:32 UTC