Del Monte Pacific Ltd. (DMPL), the food and beverage conglomerate led by the Campos family, has generated approximately ₱870 million (US$14.13 million) by offloading its remaining stake in India’s Sundrop Brands Ltd. to boost liquidity and pay down debt in its Philippine unit.
According to a disclosure filed with the Philippine Stock Exchange, the transaction was executed by its subsidiary, DMPL India Ltd. The unit divested 1.88 million shares—equivalent to a 4.99% stake—to CAG-Tech (Mauritius) Ltd. through an off-market block transfer.
The transaction was completed under a call-and-put option agreement established on December 15, 2025. The contract originally granted CAG-Tech the option to buy the additional 4.99% stake in Sundrop on or before April 30, 2026.
Because CAG-Tech passed on exercising its call option, DMPL India activated its put option, legally compelling the counterparty to buy the shares. This final transaction, designated as the Tranche 2 Disposal, was finalized on June 4, 2026.
Per the original contract terms, the shares were valued at the exact same price as the initial 4.99% tranche sold in December.
The net proceeds from the divestment, after accounting for transaction expenses, are earmarked for the working capital and debt requirements of Del Monte Philippines Inc., which serves as the group’s primary operating subsidiary.
DMPL previously disclosed in January that it had secured a second buyer for another portion of Sundrop shares, following a separate US$14.8 million deal. That earlier transaction consisted of 547,946 shares, representing roughly a 1.45% stake in the company.
Management has reiterated that the divestment initiative aligns with its broader strategy to optimize capital deployment by extracting value from non-core assets.
DMPL emphasized that the financial pivot is designed to fortify its balance sheet, enhance cash flow, and redirect capital back into its primary business operations.
Furthermore, the company noted that the exit minimizes its exposure to assets with diminishing value, effectively safeguarding capital for more strategic opportunities within its core business divisions.