DIAMONDYD

Feb 26 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PRATAAP SNACKS -AUTHUM INVESTMENT AND INFRASTRUCTURE, MAHI MADHUSUDAN KELA ACQUIRE 47.54% CO'S STAKE

• PRATAAP SNACKS LTD - BUYERS ACQUIRED STAKE AT A PRICE OF 746 RUPEES PER CO'S SHARE

Source text: ID:nBSE8psdjv

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Jan 27 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PRATAAP SNACKS DEC-QUARTER NET LOSS 379.3 MILLION RUPEES

• PRATAAP SNACKS DEC-QUARTER INCOME FROM OPERATIONS 4.43 BILLION RUPEES

Source text: ID:nBSE1xBX6V

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Jan 8 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PRATAAP SNACKS LTD - RECEIVES LETTER OF OFFER FOR OPEN OFFER

• PRATAAP SNACKS - AUTHUM INVESTMENT & INFRASTRUCTURE AND MAHI MADHUSUDAN KELA TO ACQUIRE CO'S STAKE

• PRATAAP SNACKS LTD - CASH OFFER AT 865.66 RUPEES PER EQUITY SHARE

• PRATAAP SNACKS LTD - OFFER TO ACQUIRE 26.01% STAKE IN CO

Source text: ID:nBSE9lvgDs

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** Shares of Authum Investment & Infrastructure AUTH.NS rise as much as 12.6% to record high of 1,919 rupees

** Stock last up 11.6% in heavy trading volume

** The NBFC gets India's competition regulator's nod to buy 72.89% stake in Prataap Snacks PRAT.NS, along with investor Mahi Madhusudan Kela

** Prataap Snacks shares are down 1%

** AUTH trading vol of ~480,000 shares is 10x the 30-day avg and stock's busiest day since Aug 12, 2024

** Stock has more than doubled since listing on NSE on April 23, 2024

(Reporting by Anuran Sadhu in Bengaluru)

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Dec 31 (Reuters) - India's competition regulator, on Tuesday, approved the acquisition of a 72.8% stake in snack maker Prataap Snacks PRAT.NS by Authum Investment & Infrastructure AUTH.NS and investor Mahi Madhusudan Kela.

In September, the two investors acquired a majority 46.85% stake in the Indore-based company from venture capital firm Peak XV Partners, and announced an open offer for an additional 26% stake.

Prataap, best known for its Yellow Diamond brand of chips, competes with Pepsi's PEP.O Lay's brand and other snack makers in a market where local, unorganised food sellers still dominate the fried chips segment.

The company, which has a market capitalization of about $317.85 million, sells over 12 million packets of its salty snacks daily, which are priced as low as 5 rupees (6 U.S. cents), according to its website.

Rival snack maker Haldiram's was in talks to acquire a majority stake in the company, with Peak XV partners looking to offload its stake, Reuters reported in January.

($1 = 85.5750 Indian rupees)

(Reporting by Ananta Agarwal; Editing by Vijay Kishore)

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Dec 30 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PRATAAP SNACKS LTD - REPORTS FIRE ACCIDENT AT JAMMU MANUFACTURING UNIT

• PRATAAP SNACKS LTD - FIRE DAMAGES INVENTORIES, PLANT, MACHINERIES, BUILDING AND FURNITURE

• PRATAAP SNACKS LTD - COMPANY HAS ADEQUATE INSURANCE COVERAGE FOR FIRE INCIDENT

• PRATAAP SNACKS LTD - THERE IS NO CASUALTY FROM INCIDENT

Source text: ID:nBSEg2WVC

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Nov 11 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PRATAAP SNACKS LTD SEPT-QUARTER NET PROFIT 61.5 MILLION RUPEES

• PRATAAP SNACKS LTD SEPT-QUARTER INCOME FROM OPERATIONS 4.39 BILLION RUPEES

Source text: [ID:]

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Sept 27 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PART OF PROMOTERS OF CO ENTERS SPA WITH AUTHUM INVESTMENT, MAHI MADHUSUDAN KELA

• DEAL FOR TOTAL CONSIDERATION OF 8.47 BILLION RUPEES

• SPA TO ACQUIRE 46.85% OF SHARE CAPITAL OF CO

• UPON EXECUTION OF SPA, BUYERS TO MAKE OPEN OFFER TO PUBLIC SHAREHOLDERS

Source text for Eikon: ID:nnAPN25OYOG

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** Shares of Prataap Snacks PRAT.NS fall as much as 8.1% to 828 rupees

** Co posted a near 30% profit fall y/y in Q1, dragged by 10.6% spike in expenses

** Rev grew by 8.6%

** Stock last down 4.5, down ~20% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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Aug 1 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• JUNE-QUARTER NET PROFIT 94.4 MILLION RUPEES

• JUNE-QUARTER INCOME FROM OPERATIONS 4.19 BILLION RUPEES

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May 20 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• DIVIDEND 2 RUPEES PER SHARE

• MARCH-QUARTER NET PROFIT 123.8 MILLION RUPEES VERSUS 216.1 MILLION RUPEES

• MARCH-QUARTER INCOME FROM OPERATIONS 3.87 BILLION RUPEES VERSUS 3.98 BILLION RUPEES

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March 29 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PRATAAP SNACKS LTD - COMMENCEMENT OF COMMERCIAL PRODUCTION AT NEW UNIT OF COMPANY

• PRATAAP SNACKS LTD - UNIT HAS BEEN SET UP FOR PRODUCTION OF NAMKEEN SNACKS WITH A TOTAL CAPACITY OF ABOUT 11,000 MT PER ANNUM

Source text for Eikon: ID:nBSE6HRJyW

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** Shares of Prataap Snacks PRAT.NS up 2% to 971.95 rupees

** Co says commercial production at its unit with total capacity of 10,000 MT per annum has commenced

** Stock rose as much as 6.8% before trimming some gains

** Stock down 0.4% so far this week, on track for eighth straight weekly decline if trend holds

(Reporting by Varun Vyas in Bengaluru)

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March 26 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• COMMERCIAL PRODUCTION AT UNIT IN JAMMU & KASHMIR COMMENCED

Source text for Eikon: [ID:]

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** Shares of Prataap Snacks PRAT.NS down ~5.5% at 1,160 rupees

** Maker of Yellow Diamond chips says it wasn't in negotiations with ITC for a stake sale

** Stock set for its second worst day since mid-2022 when it had settled ~8% lower

** PRAT rose as much as ~14% on Thursday on report ITC ITC.NS was looking to buy a 47% stake in co

** ITC shares are ~0.5% down

** PRAT down ~2.7% for the week, set to post third straight week of losses

(Reporting by Nishit Navin in Bengaluru)

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** Shares of Prataap Snacks PRAT.NS up 9.5% to 1,288 rupees

** Cigarettes-to-hotels conglomerate ITC ITC.NS looking to buy a 47% stake in Prataap Snacks from Peak XV Partners, business daily Economic Times reports

** ITC shares up ~1%

** If successful, deal will trigger an open offer for an additional 26% stake, ET report adds

** Prataap Snacks, ITC, Peak XV Partners did not immediately respond to Reuters request for comment

** PRAT on track to snap two consecutive week of losses, if trends hold

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 6 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• DEC-QUARTER NET PROFIT 107.9 MILLION RUPEES VERSUS PROFIT 52.5 MILLION RUPEES

• DEC-QUARTER INCOME FROM OPERATIONS 4.06 BILLION RUPEES VERSUS 4.18 BILLION RUPEES

Source text for Eikon: [ID:]

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By M. Sriram

MUMBAI, Jan 18 (Reuters) - Indian snacks maker Haldiram's is in talks to acquire a majority stake in listed rival Prataap Snacks PRAT.NS, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct knowledge of the matter said.

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price. Haldiram's is eyeing a majority stake of at least 51%, but a final number has not been decided, said the sources, who declined to be named as the discussions are confidential.

Prataap is best known for its Yellow Diamond brand of chips and competes with Pepsi's PEP.O Lay's brand and other snack-makers in a market where local, unorganized food sellers still dominate the fried chips segment.

Venture capital firm Peak XV Partners, formerly known as Sequoia Capital India, owns around 47% of Prataap Snacks and is looking to fully exit their stake in Prataap, the sources added.

Haldiram's CEO Krishan Kumar Chutani, Prataap CEO Amit Kumat, and Peak XV all declined to comment.

Prataap made its stock market debut in 2017 and had annual revenues of around $200 million last year. It says it sells over 12 million packets of its salty snacks daily, which are priced as low as 5 rupees (6 U.S. cents).

However, unlisted Haldiram's, a family-run business founded in 1937, is a much larger manufacturer of packaged snacks with revenue of over $1 billion and runs 150 restaurants across the nation. Last year, Reuters reported the company was seeking a $10 billion valuation in deal talks with conglomerate Tata Group and other strategic investors it wanted to bring on board, but the talks didn't materialize over valuation concerns.

"A deal (with Prataap) will help Haldiram's tap the potato chips segment. Consumers often prefer western flavored snacks over local ones," said one of the sources.

Prataap has 14 manufacturing plants across nine Indian states. Though smaller unorganized companies dominate India's fried snacks landscape, branded products have boomed in recent years as consumers become health conscious and have higher disposable incomes to spend on packaged goods.

India's Moneycontrol news website reported on Dec. 19 that Prataap's founders and Peak XV were looking to sell a stake to investors and conglomerates, but did not name buyers.

Local snack makers like Prataap have struggled with inflationary pressures and rising competition in India, a price -conscious market, and its stock price still hovering near its 2017 listing level.

Prataap in a November earnings report estimated India's snacks market was worth $5.2 billion, growing 14% each year.

(Reporting by M. Sriram; Editing by Aditya Kalra and Christian Schmollinger)

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** Shares of Prataap Snacks PRAT.NS up 2% at 1,018.80 rupees

** PRAT had risen as much as 5.7% earlier in the session; on track to snap two straight sessions of losses, if gains hold

** Co's promoters or large shareholders who can influence company policy are in talks to sell a controlling stake in PRAT - business news portal Moneycontrol reports

** Talks being led by Sequoia capital, which is part of the promoter group, and holds about 47% stake in PRAT - report

** In the talks, which are at early trade, a number of private equity funds and large fast moving consumer goods (FMCG) companies have been approached - report

** PRAT up 12.7% YTD vs 22% gain in the Nifty FMCG index .NIFTYFMCG

(Reporting by Rama Venkat in Bengaluru)

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** Shares of Prataap Snacks PRAT.NS rise as much as 7.8% to 1,055 rupees apiece, highest since January 18, 2019

** Snacks maker's stock jumped 20% in the previous session, which was also the most active session in six years

** Tuesday is the second most active session for PRAT since July 2021

** BSE data shows, promoter entities sold 5.4% stake in PRAT for 1.05 billion rupees ($12.61 million)

** Abu Dhabi-based Cohesion Investments' affiliate Cohesion MK Best Ideas SUB-TRUST and Chartered Finance and Leasi NG bought the shares at 805.05 rupees apiece

** GDN Investments Private bought 125,000 shares at 948.87 rupees apiece, according to National Stock Exchange data

** Despite the gains, PRAT up only 8.61% in 2023 so far

($1 = 83.2440 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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By Chen Lin

SINGAPORE, Nov 9 (Reuters) - Singapore Airlines SIAL.SI low-cost subsidiary Scoot is considering extending the lease of some Airbus AIR.PA A320ceo aircraft due to problems with their Pratt & Whitney engines, Chief Executive Leslie Thng said.

"We have some flex in terms of the A320ceos that we are returning next year in 2024, so we are exploring whether we should maybe extend some of the leases to mitigate the impact," Thng told reporters ahead of the Association of Asia Pacific Airlines' annual meeting, which starts on Thursday in Singapore.

As at end-September, Scoot said it has 20 A320ceo aircraft on its fleet. It was not immediately clear how many aircraft were leased and how many leases were being looked into.

Thng said four affected engines had led to two aircraft being grounded. The airline was aiming to fix one of these aircraft by the end of the month, he added.

Pratt & Whitney parent RTX RTX.N said in July a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections.

The checks are expected to lead to groundings of 600-700 of Airbus jets between 2023 and 2026, with two-thirds of the engine removals planned for 2023 and early 2024.

(Reporting by Chen Lin in Singapore; editing by Miral Fahmy)

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** Shares of Prataap Snacks PRAT.NS fall as much as 4.1% to 839.95 rupees, lowest in 8 weeks

** Stock last down 3.2%

** Stock set to fall for a second straight session, if losses hold

** Co on Tuesday said GST Authority conducted a search and seizure in co's manufacturing unit in Bengaluru on Sept 25

** Co said operations of the manufacturing unit was not impacted and continued as usual

** Around 30,000 shares change hands by 9:45 A.M. IST, 0.9x 30-day avg

** Stock extends YTD losses to ~6.7%, had gained 7.7% in 2022

(Reporting by Anuran Sadhu in Bengaluru)

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Sept 26 (Reuters) - Prataap Snacks Ltd PRAT.NS:

• PRATAAP SNACKS LTD - GST AUTHORITY HAS CONDUCTED A SEARCH AND SEIZURE IN ONE OF OUR MANUFACTURING UNITS

• PRATAAP SNACKS LTD - OPERATIONS OF MANUFACTURING UNIT WERE NOT IMPACTED

Source text for Eikon: ID:nNSE8Qjd94

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