Company has announced acquisition of Avadh Snacks Private Limited, Gujarat's leading snacks food company. PSL has agreed to acquire 80% equity stake for a consideration of `148 crores through a combination of primary & secondary investment. Acquisition of Avadh Snacks will help to accelerate growth and deepen its presence in the key market of Gujarat . Gujarat is the biggest salty snacks market in India and is one of the most important markets where Prataap Snacks would like to build a presence with a strong partner like Avadh. Further, product offerings of Prataap Snacks and Avadh Snacks are complementary and will help the firm in creating a balanced portfolio with a mix of regional and national flavors and variants across...