Del Monte beefing up presence in IndiaDMPL said it is restructuring its investment in India by exchanging its shares in Del Monte Foods Private Ltd. (Del Monte India) for a 13-percent direct shareholding in ATFL. DMPL said it is restructuring its investment in India by exchanging its shares in Del Monte Foods Private Ltd. (Del Monte India) for a 13-percent direct shareholding in ATFL. “Under Sundrop Brands’ platform, we believe the Del Monte brand will reach new heights in India. Its acquisition of Del Monte India is seen bringing an established portfolio of food products under ATFL’s umbrella, marking a significant step forward in its strategic expansion. DMPL said that ATFL is well positioned to further grow the Del Monte brand in India.

Source: Philippine Star November 15, 2024 19:02 UTC