Acquisitions21 Aug 2025, 07:24 pm
Hindustan Foods Ltd Acquires 25.07% Stake in Asar Green Kabadi Private Limited for Rs. 5 Crores
AI Summary
Hindustan Foods Limited (HFL) has executed a Share Subscription Agreement (SSA) to acquire 24,643 Series B Compulsorily Convertible Preference Shares (CCPS) of Asar Green Kabadi Private Limited. This acquisition will give HFL a 25.07% stake in Asar Green on a fully diluted basis. The total consideration for this acquisition is Rs. 5,00,00,000/-, out of which Rs. 4,00,01,075/- is paid as a Cash consideration and the balance investment amounting to Rs. 99,98,925/- will be adjusted against the outstanding Loan provided by the Company to Asar Green. Asar Green is a Private Limited Company engaged in the business of waste management, scrap collection, recycling solutions, and circular economy services.
Key Highlights
- HFL has acquired 25.07% stake in Asar Green Kabadi Private Limited for Rs. 5 Crores.
- The acquisition is through a Share Subscription Agreement (SSA) for 24,643 Series B Compulsorily Convertible Preference Shares (CCPS).
- The total consideration is Rs. 5,00,00,000/-, out of which Rs. 4,00,01,075/- is a Cash consideration and the balance will be adjusted against the outstanding Loan provided by HFL to Asar Green.
- Asar Green is a Private Limited Company engaged in the business of waste management, scrap collection, recycling solutions, and circular economy services.
- Asar Green was incorporated on November 24, 2014 and has a presence in India.