HMA Agro Industries Merger & Restructuring Worth ₹5.01 Cr
HMA Agro completed the sale of its 100% stake in subsidiary FNS Agro Foods Limited for ₹5.01 Crore. The subsidiary ceases to be part of the company.
- Value
- ₹5.01 Cr
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HMA Agro completed the sale of its 100% stake in subsidiary FNS Agro Foods Limited for ₹5.01 Crore. The subsidiary ceases to be part of the company.
HMA Agro Industries Ltd approved the divestment of its entire 100% stake in subsidiary FNS Agro Foods Limited to promoter-group individuals for ₹5.01 Crore.
HMA Agro Industries approved selling 100% stakes in subsidiaries FNS Agro and LAAL Agro to promoter group members. Final cash consideration awaits independent valuation reports.
HMA Agro Industries Limited has completed the divestment of an equity stake to promoters Mr. Gulzar Ahmad and Mohammad Kamil Qureshi. The transaction, valued at ₹0.01 Crore, represents 1% completion of the proposed divestment to these related parties.
HMA Agro Industries Limited has entered into a Share Purchase Agreement to divest its 100% stake in subsidiary Laal Agro Food Private Limited. The stake is being sold to promoter Mr. Gulzar Ahmad for ₹0.005 Crore (Rs. 50,000). Following the transaction, Laal Agro Food will cease to be a subsidiary of the company.
HMA Agro Industries Limited has entered into a Share Purchase Agreement to divest its 100% stake in Laal Agro Food Private Limited for ₹0.01 Crore. The stake was sold to promoter Mohammad Kamil Qureshi. Following the transaction, the entity will cease to be a subsidiary of the company.
HMA Agro Industries Ltd entered into a Share Purchase Agreement to divest its 100% stake in subsidiary Laal Agro Food Private Limited for ₹0.01 Crore. The buyers are part of the promoter group, making it a related party transaction. The deal is expected to conclude by May 30, 2026.
HMA Agro Industries Limited will sell its 100% stake in subsidiaries FNS Agro Foods Limited and LAAL Agro Food Private Limited to promoter group members. The cash transaction is expected to conclude by May 30, 2026. Sale consideration will be determined via an independent valuation report on an arm's length basis.
HMA Agro Industries Limited approved the divestment of its entire stake in wholly owned subsidiaries FNS Agro Foods and Laal Agro Food. The transaction involves selling shares to promoter-group individuals at arm's length. The sale is expected to conclude by May 30, 2025, following a formal valuation process.