Nagarjuna Fertilizers and Chemicals Limited has informed that the Company has received communication from Amlika Mercantile Private Limited (AMPL) promoters of the Company on April 02, 2025, that AMPL have sold 27,17,72,140 shares amounting to 45.4419% of the paid-up capital of the Company on March 28, 2025, to Agri Vestors Private Limited through inter-se transfer among qualifying persons.
Awaiting price reaction for this filing.
Promoter entity Amlika Mercantile Private Limited (AMPL) has sold its entire 45.4419% stake (27,17,72,140 shares) in Nagarjuna Fertilizers and Chemicals Limited to Agri Vestors Private Limited on March 28, 2025. The transaction was executed as an inter-se transfer among qualifying persons within the promoter group at Rs. 4.31 per share — 15,54,12,063 shares via a block deal on NSE and the remaining 11,63,60,077 shares through a Share Purchase Agreement. Mr. K Rahul Raju, the ultimate beneficiary of NFCL, holds 99% of Agri Vestors Private Limited. After the transfer, AMPL holds 0 shares while Agri Vestors holds 45.4419%. The total promoter group holding in NFCL remains unchanged since both entities belong to the same promoter group.
Since this is an inter-se transfer within the promoter group (from AMPL to Agri Vestors), there is no change in overall promoter shareholding or voting control of the company. Shareholders should not expect any change in management or control, though the shift in holding between two promoter-group entities is largely an internal restructuring. The low traded price of Rs. 4.31 per share signals the stock remains undervalued and the block deal could pressure short-term price discovery.