<h1>Private equity funds acquire minority stake in Indian snacks and packaged food manufacturer</h1> The Competition Commission approved the acquisition of less than 10% equity share capital of a snacks food company by two private equity funds. The target company manufactures and sells packaged food products including snacks, sweets, ready-to-eat products, dairy items, bakery products, chocolates, and beverages in India. The transaction involves private equity funds acquiring a minority stake in the food manufacturing business. A detailed order will be issued subsequently.