HMA Agro divests entire stake in FNS Agro Foods subsidiary for about 5 crore rupees
HMAAGRO · price
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HMA Agro Industries has signed a Share Sale Agreement to sell its full 100 percent stake in subsidiary FNS Agro Foods Limited. The deal covers 8,95,593 equity shares at 55.92 rupees per share, totalling about 5.01 crore rupees. The 7 buyers are promoters and relatives of promoters of HMA Agro, making it a related party transaction done at arm's length based on an independent valuation. After completion, expected by Sept 30, 2026, FNS Agro Foods will cease to be a subsidiary.
FNS Agro Foods ceases to be a subsidiary. Deal size is small versus company scale; related-party nature means promoter group now directly holds the subsidiary stake.