Bartronics India Ltd Acquires 25.75% Stake in Shree Naganarasimha
Filing Summary
Bartronics India Ltd has disclosed an equity investment of INR 1 crore in Shree Naganarasimha Private Limited (SNN), acquiring 3,469 equity shares at INR 2,882 per share. This transaction represents 25.75% of SNN’s paid-up equity share capital. The acquisition is not a related party transaction, and no promoter group interest is involved. SNN operates in the manufacturing and trading of agro and food products. The acquisition aims to achieve operational and financial synergies. The transaction is conducted on an arm’s length basis with cash consideration.
Bartronics India Ltd has announced an equity investment in Shree Naganarasimha Private Limited (SNN) amounting to INR 1,00,00,000. The company has acquired 3,469 equity shares of SNN at a price of INR 2,882 per share, which includes a premium of INR 2,872 per share. This acquisition represents 25.75% of the paid-up equity share capital of SNN.
The transaction does not fall within the scope of related party transactions, and there is no interest from the promoter or promoter group in the target entity. SNN is engaged in the manufacturing and trading of agro and food products. The acquisition is intended to derive operational and financial synergies.
No governmental or regulatory approvals are required for this acquisition. The first tranche of the acquisition has been completed, with remaining tranches to follow as per the terms specified in the Shareholders’ Agreement. The acquisition is conducted on an arm’s length basis, with the consideration being paid in cash.
SNN, incorporated on 24 December 2022, operates in the business of processing, producing, and trading various food products, including processed foods, beverages, and agro foods. The company reported a turnover of INR 11.48 crore for the year ending 31 March 2025.
Bartronics India Ltd, now known as Avio Smart Market Stack Limited, focuses on strategic investments to enhance its business operations. The company continues to explore opportunities in diverse sectors to strengthen its market position.