Prime Fresh Limited invested in the private placement of the subsidiary Company
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Prime Fresh Limited has invested in the private placement of its subsidiary, Florens Farming Private Limited, by subscribing to 7,00,000 partly paid-up equity shares of Rs. 10 each at an issue price of Rs. 14 per share. The company has paid Rs. 2 per share upfront, totalling an investment of Rs. 14,00,000, with the allotment completed on 19.12.2025. Florens Farming is engaged in farming, agriculture, and horticulture activities, with a turnover of Rs. 2,164.48 lakhs in FY25, up from Rs. 1,350.50 lakhs in FY24. The transaction is a related party deal carried out at arm's length based on an independent valuation, and the funds will be used to finance the subsidiary's business development and expansion.
This is a relatively small capital infusion (Rs. 14 lakhs) into a growing subsidiary whose revenue has grown over 140% in two years. For shareholders, it signals continued support for the subsidiary's expansion, though the financial impact on Prime Fresh Limited is minor at this stage.