HMA Agro board approved divestment of entire stakes in subsidiaries FNS Agro and Laal Agro to promoter group individuals.
FNS Agro contributed 0.64% net worth and Laal Agro 0.14% net worth to HMA Agro as of March 2025 financials.
Transaction is classified as related party but conducted at arm's length, with completion expected by May 30, 2025.
Consideration will be determined by registered valuer report and finalized in definitive agreements.