Acquisitions2 Jul 2026, 08:10 pm
NHC Foods Signs LOI for Agriconnect Solutions Acquisition
AI Summary
NHC Foods Ltd has signed a Letter of Intent (LOI) to acquire Agriconnect Solutions Private Limited, a company engaged in the supply and trading of agri-commodities. Agriconnect Solutions reported a turnover of ₹117.57 Cr in FY25 and ₹360.80 Cr in FY24. The acquisition is expected to create synergy with NHC Foods' existing business and strengthen its financials through positive cash flows. The deal is anticipated to be completed within three months, pending due diligence. The consideration details are yet to be determined.
Key Highlights
- NHC Foods to acquire agri-commodity trader Agriconnect Solutions.
- Agriconnect Solutions had FY25 turnover of ₹117.57 Cr.
- Acquisition aims to create business synergy and strengthen financials.
- Deal expected to conclude within three months post-due diligence.
Price Impact
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