Avanti Feeds Secures 10% Stake in New Ecuadorian Aqua Feed Venture
India's Avanti Feeds is expanding into South America through a strategic $3 million investment, it said in a filing with the Bombay Stock Exchange.
The company's board has approved acquiring a 10% stake in Thai Union Feedmill Ecuador S.A.S., a newly incorporated entity.
The venture, established in partnership with Thai Union Feed Mill Public Company Limited, will manufacture and distribute aquaculture feed, strengthening Avanti's market presence in Ecuador's aquaculture sector.
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