Del Monte Pacific: Subsidiary Exercises Put Option to Divest 4.99% Stake in Sundrop Brands at INR715 Per Share

NewTimeSpace · 2026/06/05 15:55 · By Zeyu Wu

NewTimeSpace News: On June 5, Del Monte Pacific announced via filing that its indirect subsidiary DMPL India has exercised a put option under the contractual terms, compelling purchaser CAG-Tech (Mauritius) to acquire roughly 1.8811 million ordinary shares of Sundrop Brands, representing a 4.99% equity holding, for an aggregate consideration of approximately US$14.13 million.

NewTimeSpace News: Dated 5 June 2026, Del Monte Pacific disclosed that pursuant to the option agreement inked on 15 December 2025, offeree CAG-Tech failed to exercise its call option on or before 30 April 2026. Accordingly, indirect subsidiary DMPL India triggered the put option and mandated the counterparty to purchase 1,881,100 ordinary shares (4.99% of total issued capital) in Sundrop Brands at a strike price of INR715 apiece, translating to total consideration of around US$14.13 million (equivalent to roughly SGD18.10 million). The off-market block trade was closed on 4 June 2026.

Per the corporate announcement, post-tax net proceeds from the divestment will be deployed to replenish working capital and service outstanding borrowings of Del Monte Philippines, Inc., the Group’s core operating subsidiary.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

Del Monte Pacific Equity Divestment