Nagarjuna Fertilizers and Chemicals Limited has informed that the Company has received communication under regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on April 04, 2025, from Agri Vestors Private Limited, in relation to proposed transfer of 27,17,72,140 Equity Shares of Rs. 1/- amounting to 45.4419% of Nagarjuna Fertilizers and Chemicals Limited held by Amlika Mercantile Private Limited.
Awaiting price reaction for this filing.
Nagarjuna Fertilizers and Chemicals Limited has informed about a communication received under SEBI Takeover Regulations, 2011. The communication is dated April 04, 2025 and was sent by Agri Vestors Private Limited. It relates to the proposed transfer of 27,17,72,140 equity shares of Rs. 1 each, representing 45.4419% of the company's total share capital. These shares are currently held by Amlika Mercantile Private Limited and are proposed to be transferred to Agri Vestors Private Limited. The transfer appears to be an inter se transfer within the promoter group, as the company has disclosed it under Regulation 10(6), which provides exemption from open offer requirements for such transfers.
This is a significant intra-group restructuring where a 45.44% stake is moving from one promoter entity (Amlika Mercantile) to another (Agri Vestors). While the ultimate promoter control remains intact, shareholders should monitor for any follow-up announcements regarding changes in the promoter group composition or board representation.