The Company has invested an amount of Rs. 2,85,60,000 (240000 shares*119) in the subsidiary Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Fresh Limited has invested Rs. 2,85,60,000 (2.86 crore) in its subsidiary Florens Farming Private Limited by subscribing to 2,40,000 equity shares of Rs. 10 each at a premium price of Rs. 119 per share. The allotment was completed on 31.03.2026 and the transaction is a cash-based, arm's length related party deal priced based on an independent valuation. Florens Farming, incorporated in 2016, is engaged in farming, agriculture, and horticulture activities. Its turnover has grown steadily from Rs. 897.79 lakhs in FY23 to Rs. 1,350.50 lakhs in FY24 and Rs. 2,164.48 lakhs in FY25. The stated objective is to fund the development and expansion of the subsidiary's business.
This is a capital infusion into an existing subsidiary, signalling management's confidence in the agriculture business which is showing strong revenue growth (over 60% YoY in FY25). For shareholders, this means continued investment into a growing subsidiary, though it represents cash outflow from the listed entity without immediate return visibility.