HMA Agro Sells Entire Stake in FNS Agro Foods for ₹5.01 Cr

HMA Agro Industries Limited has executed a Share Sale Agreement with seven proposed acquirers, who are members of the Promoter/Promoter Group, for the sale of its entire shareholding in FNS Agro Foods Limited. The transaction involves 8,95,593 equity shares at a consideration of ₹55.92 per share, aggregating to ₹5,00,81,560.56. This divestment constitutes a related party transaction, undertaken on an arm's length basis. Upon completion, FNS Agro Foods Limited will cease to be a subsidiary of HMA Agro Industries Limited. The deal is expected to be completed by September 30, 2026.