Prime Fresh Ltd. Allots Shares to Florens Farming Private Limited
Prime Fresh Limited announced the allotment of 240,000 equity shares with a face value of Rs. 10 each at an issue price of Rs. 119 per share to Florens Farming Private Limited, a subsidiary company. The allotment occurred on March 31, 2026.Florens Farming Private Limited, incorporated on December 27, 2016, is engaged in farming, agriculture, and horticulture activities, including the cultivation, production, processing, and trading of agro-based products. The company’s turnover as of March 31, 2025, was Rs. 2164.48 million.
The transaction, considered a related party transaction, was conducted at arm’s length. The objective of the acquisition is to finance the development and expansion of the business. No governmental or regulatory approvals were required.
Here's a summary of the acquisition details:
| Particulars | Details |
|---|---|
| Industry | Agriculture |
| Nature of Consideration | Cash Consideration |
| Cost of Acquisition | Rs. 119 per share |
| Number of Shares Acquired | 240,000 |
| Turnover (Amt. in Lakhs) | 2024-25: Rs. 2164.48; 2023-24: Rs. 1350.50; 2022-23: Rs. 897.79 |
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