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.
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.
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!
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.
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.
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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 17, 2025, 10:46 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
