Vadilal Ice Cream: The shares of Vadilal Industries, a well-known ice-cream maker in Ahmedabad, have risen. Reports of an acquisition by Bain Capital have sent the company’s shares soaring. According to the Moneycontrol report, Bain Capital is considering merging Vadilal’s units into one unit. The deal is estimated to be worth around Rs 3000 crore. Arpwood had earlier offered to buy a stake in Vadilal but the stake sale was delayed due to a promoter dispute. The report also said that Vadilal Industries had sought approval from shareholders to buy the brand from the promoter. The stock has rallied over the past two business days amid reports of Vadilal being bought by Bain Capital. The stock closed at Rs 3027.35 at the end of the trading day today. On Monday, the stock touched a 52-week high of Rs 3,294.65 and ended the day at Rs 3,150.
Not only ice cream but also makes these things
Vadilal Industries is a food and beverage company, manufacturing ice cream, flavored milk, frozen desserts and other dairy products. The company also processes and exports frozen fruits, vegetables, pulp, ready-to-eat and serve products. The company has two ice cream units. One is in Gujarat and the other is in Uttar Pradesh. Vadilal processes frozen fruits, vegetables and food items at its Dharampur unit in Valsad, Gujarat.
The company has a wide range of products
Apart from this, Vadilal Enterprises also exports frozen food products. The product range of the company includes Vegetables, Fruits, Pulp, RTS, Rotis, Parathas, Snacks, Ready Meals. Besides, it exports canned products like fruit, fruit pulp, vegetables and the company also sells fruit cocktail, mango slices.
It was started in 1926 in Ahmedabad
Vadilal Company started in 1926 with the first outlet in Ahmedabad, Gujarat. Vadilal manufactures ice cream, flavored milk, frozen desserts and dairy products.
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— Vadilal Ice Creams (@icecreamvadilal) July 10, 2023
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