NHC Foods signs LOI to acquire Agriconnect Solutions

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.0%Reaction day

₹1.09

prior close

₹1.12

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.3% vs market

Other Food Products peers, median of 25sector-0.4%+0.4% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.4 pts more than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-1.8

15m

-1.8

30m

-2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.0-0.3+0.3-0.4+0.4

Next day

+0.9-0.1+1.0-0.6+1.5

-1.8-0.8-1.0-0.8-1.1

-5.5-2.8-2.7-3.0-2.5

-5.5-1.0-4.5-2.3-3.2

-2.8+0.4-3.2-2.4-0.4

+0.0-0.5+0.5-2.5+2.5

15d

-5.5-1.9-3.6-0.6-4.9

-2.8+0.4-3.2-1.3-1.5

+148.6+3.5+145.1+1.8+146.9

+56.0+2.0+54.0-9.3+65.3

UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

Adds agri trading synergies and cash flows to NHC Foods. Deal value and consideration type pending valuation after 3-month due diligence.