Heritage Foods Ltd , a Hyderabad-based dairy company, has acquired a 51 per cent stake in the Mumbai-based Peanut Butter and Jelly Pvt Ltd for ₹9 crore. The target company owns Get-A-Way, a brand that sells high-protein, no-added-sugar ice creams and desserts.

“We acquired a controlling 51 per cent shareholding in the company through secondary buy-outs from existing investors (Sky Gate Hospitality Pvt Ltd). The remaining 49 per cent shareholding will continue to be held by the original promoters,” a top company executive said.

The deal also allows Heritage Foods the option to purchase an additional 20 per cent stake from the promoters by March 2026.

“This acquisition aligns with the company’s strategic growth initiatives aimed at business expansion, diversification, and strengthening i

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