StockWatch
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Other Agricultural Products
Investment30 Jun 2026, 01:31 pm

Prime Fresh to Invest ₹51 Lakhs for 51% Stake in Poonaagrocart LLP

AI Summary

Prime Fresh Limited, through its Audit Committee, has approved a revised investment structure to acquire a 51% partnership stake in Poonaagrocart LLP for a total of ₹51,00,000. Prime Fresh Limited will hold a 36% stake (₹36,00,000), Florens Farming Limited will hold 10% (₹10,00,000), and Florens Fresh Supply Solutions Private Limited will hold 5% (₹5,00,000). This investment aims to expand Prime Fresh Limited's presence into the Ready-to-Eat and Ready-to-Heat frozen food segments. Upon completion, Poonaagrocart LLP will become an associate of Prime Fresh Limited.

Key Highlights

  • Prime Fresh to invest ₹51 Lakhs for 51% stake in Poonaagrocart LLP.
  • Investment to expand into Ready-to-Eat and Ready-to-Heat frozen food segments.
  • Poonaagrocart LLP will become an associate of Prime Fresh Limited.
  • Acquisition involves group companies Florens Farming and Florens Fresh Supply Solutions.