Heritage Foods lifts Peanutbutter and Jelly stake to 71%

What's the deal? Heritage FoodsDealroom has a profile for this one. Try Dealroom → has completed the purchase of an additional 20% equity stake in Maharashtra-based Peanutbutter and Jelly Limited — the company behind the healthy-dessert brand Get-A-WayDealroom has a profile for this one. Try Dealroom → — taking its ownership to 71%. The transferred shares were credited to Heritage Foods' demat account on July 27, 2026, making the target a majority subsidiary from that date.

Why now? The deal follows Heritage Foods' July 16, 2026 intimation to the exchange, which disclosed its board's approval to buy the stake from existing shareholders. The credit of shares on July 27 closed the process within the same month.

What's the endgame? The transaction lifts Heritage Foods from a minority holding to a controlling 71% position, consolidating its grip on the entity. Shares were bought from existing shareholders rather than through a fresh issuance, so no new capital was raised at the subsidiary level.

The signal: Heritage Foods shares last traded at INR 327.20 on the NSE, down 2.42% from the previous close of INR 335.30. Moving from part-owner to majority holder gives Heritage Foods clearer control over the young firm — incorporated in 2022 — as it folds the business more tightly into its portfolio.

Read more: IndiaShorts

Image credit: Steve Snodgrass