PRIME FRESH LIMITED
Acquisition Details
Target Entity: Florens Fresh Supply Solutions Private Limited
Incorporation Date: May 2, 2018
Business Description: The company is engaged in trading, importing, exporting, processing, packaging, preserving, storing, marketing and distributing fresh, frozen and processed fruits, vegetables, agricultural produce and food products through online, offline and technology-enabled e-commerce, B2B/B2C and supply-chain platforms.
Financial Performance:
- FY 2025-26 Turnover: Rs. 3635.72 lakh
- FY 2024-25 Turnover: Rs. 1870.35 lakh
- FY 2023-24 Turnover: Rs. 1391.39 lakh
Transaction Specifics:
- Nature of Transaction: Acquisition of 15,00,000 equity shares of face value Rs. 10 each
- Price per Share: Rs. 20.75
- Total Consideration: Rs. 3,11,25,000 (15,00,000 shares × Rs. 20.75)
- Consideration Type: Cash
- Allotment Date: August 27, 2026
Regulatory Status:
- The transaction falls within the ambit of related party transaction as Florens Fresh is an associate company of Prime Fresh Limited
- The transaction was executed at arm's length based on independent valuation report
- No environmental or regulatory approvals were required for the acquisition (stated as "NA")
Strategic Objective:
The acquisition is intended to finance the development and expansion of Florens Fresh's business operations.
Corporate Governance
The disclosure was signed by Jasmin Doshi, Company Secretary (Membership No: A36029) of Prime Fresh Limited, from the company's registered office at 4 tav Petrol Pump, Polytechnic Road, Ambavadi, Ahmedabad-380015, Gujarat.