Agi Greenpac Completes Second Tranche Investment in Madoverbuilding AI, Holding 19.75% Stake
Agi Greenpac Ltd has successfully completed the second tranche of its investment in Madoverbuilding AI Private Limited (MOB), increasing its aggregate stake in the e-commerce technology firm. Following this investment, the company now holds 19.75% of the paid-up share capital of MOB, on a fully diluted basis.The investment follows previous reporting detailing the first tranche completion and the revision of the total subscribed stake in MOB. Initially, the company had acquired 14.28% of the paid-up share capital of MOB. After the board approved revising the total stake, Agi Greenpac completed the final tranche of the investment.
Madoverbuilding AI Profile
Madoverbuilding AI Private Limited is an entity operating in the E-commerce and B2B online marketplace sector. Its core business encompasses E-commerce marketplace creation, e-commerce technologies, E-business platforms, embedding lending technologies, and related logistics capabilities. The company was incorporated on December 21, 2021.According to the last audited financial statements for the fiscal year 2024-25, the company recorded a turnover of INR 3.25 crore.
Agi Greenpac aims to use such investments to strategically expand into emerging technologies and business models that complement its primary operations, thereby gaining equity stakes in innovative ventures.
Financial Details of Investment
The company purchased the shares of MOB AI through cash consideration spread across two tranches. The total cost for both tranches amounts to INR 4,42,95,193.28.The details of the investment consideration are summarized below:
| Tranche | Investment Amount (Cash) |
|---|---|
| Tranche 1 Investment Amount | INR 2,99,95,770.22/- |
| Tranche 2 Investment Amount | INR 1,42,99,423.06/- |
| Total Consideration Paid | INR 4,42,95,193.28 |
Stakeholding and Corporate Information
Upon the completion of both Tranche 1 and Tranche 2, Agi Greenpac holds 19.75% of the paid-up share capital of MOB AI.The following table provides a snapshot of the key operational and financial data for Madoverbuilding AI Private Limited:
| Detail | Value |
|---|---|
| Authorized Share Capital | INR 16,00,000/- |
| Paid-up Share Capital | INR 1,51,270/- |
| Industry | E-commerce, B2B online marketplace |
| Promoter Interest | The acquisition does not fall under related party transactions, and the promoter group does not have any interest in the entity. |
For comparison, the turnover of Madoverbuilding AI Private Limited over the past three fiscal years was:
| Fiscal Year | Turnover |
|---|---|
| FY 2022-23 | INR 1.48 crores |
| FY 2023-24 | INR 3.36 crores |
| FY 2024-25 | INR 3.25 crores |
AGI Stock Price Movement
As of 3:25 PM, shares of AGI Greenpac Limited are slipping by 0.62% in live trading, currently trading at ₹565.45. The stock has seen considerable market interest, with total traded volume reaching 203,499 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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