Britannia acquires controlling stake in Kenya's Kenafric Biscuits, stock price up over 1%
As per Britannia’s exchange filing on Monday, “The company's wholly owned arm Britannia and Associates (Dubai) Pvt Co Ltd (BADCO) has acquired control of Kenafric Biscuits Ltd (KBL), a private limited liability firm incorporated in Nairobi, Kenya."
The cost of acquisition was Kenyan Shillings (KES) 13.87 crore (Rs 9.2 crore), the regulatory filing also added: Twitter