Hindustan Media Ventures Ltd to acquire stake in Zappfresh

Hindustan Media Ventures Limited has entered into agreement dated 20th November, 2023, for making an investment of Rs 11,99,33,112/- (Rupees Eleven Crores Ninety Nine Lakhs Thirty Three Thousand One Hundred and Twelve only), by subscribing to 807 (Eight Hundred and Seven only) equity shares of DSM Fresh Foods Private Limited ("Zappfresh").

The investment is being made into a growing company that is doing well in the space of online delivery of meat products (fresh and ready-to-cook/eat).

Incorporated in 2015, Zappfresh is an online D2C brand focusing on delivery of meat products (fresh and ready-to-cook/eat). It has a wide range of meat products such as chicken, mutton, seafood and specialty meats.

Shares of Hindustan Media Ventures Limited was last trading in BSE at Rs. 79.00 as compared to the previous close of Rs. 78.61. The total number of shares traded during the day was 2842 in over 261 trades.

The stock hit an intraday high of Rs. 80.23 and intraday low of 78.00. The net turnover during the day was Rs. 226381.00.

Source : Equity Bulls

Keywords

HindustanMediaVentures INE871K01015 HMVL Investment DSMFreshFoods Zappfresh