NHC Foods signs LOI to acquire Agriconnect Solutions
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NHC Foods Ltd board signed a Letter of Intent to acquire Agriconnect Solutions Pvt Ltd, an agri commodities supply and trading firm incorporated in 2021. Target turnover was Rs 117.57 Cr in FY25, down from a peak of Rs 360.80 Cr in FY24. FY25 PAT was Rs 2.89 lakh versus Rs 31.25 lakh peak in FY24. The deal is not a related party transaction and needs no regulatory approvals. Three months allowed for due diligence. Deal value, consideration type, and shareholding percentage are yet to be finalised post valuation.
Adds agri trading synergies and cash flows to NHC Foods. Deal value and consideration type pending valuation after 3-month due diligence.