<h1>SEBI Approves Strategic Merger of Listed Food Company with Private Snack Subsidiary, Enhancing FMCG Market Position</h1> SEBI has approved the merger of a publicly listed food company with its private sector subsidiary specializing in Gujarati snacks. The strategic merger aims to strengthen market positioning in the FMCG sector. Shareholders of the private company will receive 17.5 shares for every 10 shares, with promoters' stake expected to increase from 27.71% to 64%. The merger awaits final approval from the National Company Law Tribunal.