Auri Grow India Share Price Hits 5% Upper Circuit; Gets LoI from Hong Kong Based FII to Acquire 24% Stake

On December 16, 2025, Auri Grow India Ltd, a company in agriculture and agri-technology, announced receiving a Letter of Intent (LoI) from Hong Kong-based Luminary Crown Ltd.  

The LoI proposes acquiring a 24% stake in the company at ₹2 per share, a significant premium over the current share price of ₹0.84. 

Details of the Proposed Acquisition 

The LoI outlines Luminary Crown Ltd's intention to acquire up to 24% equity in Auri Grow India Ltd on a fully diluted basis. The acquisition is proposed through a primary issuance via preferential allotment, pending regulatory, statutory, and shareholder approvals.  

The board of directors of Auri Grow India Ltd is scheduled to meet on December 26, 2025, to consider this non-binding LoI. 

As part of the proposed investment, Luminary Crown Ltd seeks the right to nominate one director to the board. The governance rights are limited to minority investor protection, with no change in management control. 

Strategic Business Collaboration Initiatives 

The LoI includes strategic collaboration initiatives aimed at expanding Auri Grow's business. These include rice aggregation, processing, and export, with a focus on GCC and select European markets.  

Additionally, Luminary Crown Ltd proposes leading a hydroponics and aeroponics farming project, with an estimated cost of ₹55 crore and potential annual revenue of ₹180–200 crore. 

Read More: Tata Power Wins LOI for Jejuri–Hinjewadi Transmission Project! 

Organic Farming and Financial Performance 

The LoI also suggests establishing organic farming operations on company-owned land for a minimum of 5 years. In terms of financial performance, Auri Grow India Ltd reported sales of ₹175.55 crore for FY24-25, a significant increase from ₹16.76 crore in FY23-24. The net profit rose to ₹7.17 crore from ₹51 lakh in the previous year. 

Auri Grow India Share Price Performance 

As of December 17, 2025, at 9:45 AM, Auri Grow India share price on NSE was up by 4.82% from the previous closing price. 

Conclusion 

The receipt of the LoI from Luminary Crown Ltd marks a potential strategic partnership for Auri Grow India Ltd in the agriculture and agri-technology sectors. The proposed stake acquisition and collaboration initiatives highlight the company's growth trajectory and external confidence in its long-term vision. 

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