Temptation Foods Ltd (TFL) has acquired a food processing unit from its fellow Indian-based company Chambal Fertilisers & Chemicals Ltd.

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According to local reports, financial details were not disclosed.


In a statement, Chambal said that the transaction is subject to the execution of definitive agreements by both the companies.


TFL underwent a complete financial restructuring in 2006 making it completely debt free by raising approx. US$3m from international hedge funds and HNIs.


TFL closed 2006-07 with a turnover of US$ 9.6m and a profit after tax of US$1.42m resulting in an annualised EPS of 10.93 cents per share on a fully diluted basis.

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