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

HMA Agro Industries Limited has approved the divestment of its entire equity shareholding in its subsidiary, FNS Agro Foods Limited. The transaction involves selling 8,95,593 equity shares, representing 100% of the company's stake, at a consideration of ₹55.92 per share, aggregating to approximately ₹5,00,81,560.56. The sale is based on a valuation by an independent registered valuer. FNS Agro Foods Limited will cease to be a subsidiary post-completion. The company clarified that this transaction does not constitute the sale of an 'undertaking' and FNS is not a 'material subsidiary', thus shareholder approval is not required. The buyers are identified as promoters/relatives of promoters. The transaction is expected to be completed by September 30, 2026.