The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amlika Mercantile Pvt Ltd
Awaiting price reaction for this filing.
Amlika Mercantile Pvt Ltd, a promoter group entity of Nagarjuna Fertilizers and Chemicals Ltd (NFCL), has sold its entire 45.44% stake (27,17,72,140 shares) to Agri Vestors Pvt Ltd, also part of the promoter group. The deal happened on March 28, 2025 at Rs. 4.31 per share: 15.54 crore shares moved through a block deal on the NSE, and the remaining 11.64 crore shares were transferred via a Share Purchase Agreement. Mr. K Rahul Raju, the ultimate beneficial owner of NFCL, holds 99% of Agri Vestors, meaning this is essentially a consolidation of promoter holdings under his direct control. The total transaction value is roughly Rs. 117 crore. Since both entities belong to the same promoter group, no open offer obligation is triggered under SEBI takeover rules.
This is an internal reshuffle within the promoter group and does not change ultimate control of NFCL, but it concentrates the entire 45.44% promoter stake under Mr. K Rahul Raju via Agri Vestors. Retail investors should note the very low price (Rs. 4.31/share) and the fact that no public offer is required, so existing minority shareholders see no change in ownership or exit opportunity.