Capital Trade Links takes majority stake in FMCG maker Rhythms for ~$104,000
What's the deal? Capital Trade LinksDealroom has a profile for this one. Try Dealroom → has acquired a controlling 51.04% stake in Rhythms Industries Private LimitedDealroom has a profile for this one. Try Dealroom → through a rights issue completed on October 1, 2026. It bought 665,001 equity shares at US$0.2 each for an aggregate US$135.5K, lifting its holding from 16.36%.
The transaction was paid in cash through banking channels. Rhythms has become a subsidiary of Capital Trade Links, and no regulatory approvals were required.
What's the endgame? Rhythms, incorporated in 2017, manufactures and distributes fast-moving consumer goods (FMCG) and food products in India. It operates under the "365 Days" brand across a network of more than 3,000 outlets.
Capital Trade Links describes the deal as a strategic investment "with a view to exploring its business and growth opportunities." The acquirer's promoter group has no prior interest in Rhythms.
By the numbers: Rhythms reported turnover of US$14.1M in FY 2025-26, up from US$9.79M a year earlier and US$6.81M in FY 2023-24. The business has roughly doubled over two years, which the acquisition will now consolidate onto Capital Trade Links' books.
Why now? The rights issue gave Capital Trade Links a route to control. It had been entitled to 111,290 rights shares but applied for 670,000, including additional shares, and was allotted 665,001 — enough to cross the majority threshold.
The signal: A listed trading company converting a minority holding into control of a fast-growing consumer brand shows how small-cap investors are using rights issues to build operating businesses. For a modest outlay, Capital Trade Links now owns a majority of a company turning over more than US$13.6M.
Read more: scanx.trade
Image credit: Nilo Velez
