Hindustan Media Ventures picks 3.54% stake in Zappfresh for Rs 11.99 crore
Zappfresh has a wide range of meat products like chicken, mutton, seafood and speciality meats.
![Hindustan Media Ventures picks 3.54% stake in Zappfresh for Rs 11.99 crore](https://cdn.zeebiz.com/sites/default/files/2023/11/21/269839-frozen-meat.png?im=FitAndFill=(1200,900))
Hindustan Media Ventures Ltd on Tuesday said it will acquire a 3.54 per cent stake for Rs 11.99 crore in DSM Fresh Foods, which operates direct-to-consumer online meat delivery brand Zappfresh.
The company entered into an agreement on November 20, 2023, for making an investment of Rs 11.99 crore by subscribing to 807 equity shares of DSM Fresh Foods Pvt Ltd, constituting 3.54 per cent holding of the fully diluted share capital of the target entity, Hindustan Media Ventures Ltd (HMVL) said in a regulatory filing.
"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)," HMVL said.
Zappfresh has a wide range of meat products like chicken, mutton, seafood and speciality meats, it added.
In FY23 it had clocked a turnover of Rs 56 28 crore, the filing said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
05:13 PM IST