HMA Agro sells entire FNS Agro Foods stake to promoter group for about Rs 5 crore
HMAAGRO · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 1.1 pts less than its Meat Products including Poultry peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HMA Agro Industries has signed a Share Sale Agreement to sell its full 100% stake of 8,95,593 equity shares in subsidiary FNS Agro Foods Limited to seven promoter and promoter group members at Rs 55.92 per share, aggregating to about Rs 5.01 crore. Post completion, FNS will cease to be a subsidiary. The deal is a related party transaction done at arm's length based on an independent registered valuer's assessment and is expected to close by September 30, 2026.
Loss of FNS Agro Foods as a subsidiary. Modest about Rs 5 crore cash inflow from promoter group buyers. Largely neutral, restructuring exercise.