Prime Fresh approves 51% stake buy in Poonaagrocart LLP for Rs 51 lakh
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Fresh Limited, along with group companies, will acquire 51% partnership stake in Poonaagrocart LLP for a total of Rs 51 lakh. Prime Fresh will hold 36% (Rs 36 lakh), Florens Farming 10% (Rs 10 lakh), and Florens Fresh Supply Solutions 5% (Rs 5 lakh). Poonaagrocart makes ready-to-eat and ready-to-heat frozen snacks with FY25 turnover of about Rs 2.88 crore, growing from Rs 97 lakh in FY23. It will become an associate of Prime Fresh. Completion targeted by 31 March 2027. Shareholders already approved a Rs 150 crore investment limit.
Small acquisition expanding Prime Fresh into frozen ready-to-eat segment; target becomes associate company. Modest deal size.