The company, which houses brands like Simply Sausages, Woodall's and Yorkshire Baker, said it intends to raise equity of less than 10% of its share capital to partly finance the deal, if it goes through.

Cranswick's confirmation comes after Sky News reported https://news.sky.com/story/food-producer-cranswick-hungry-to-devour-petfood-group-ipn-12164003 that the London-listed company was among the final bidders for the owner of the Harringtons and Wagg brands.

(Reporting by Priyanshi Mandhan in Bengaluru; Editing by Vinay Dwivedi)