Freshtrop Fruits Ltd Buyback 2024

Freshtrop Fruits Limited operates in the business of exporting grapes and pomegranates from India to supermarkets across Europe. The company has categorized its operations into two main segments for reporting purposes:

1. Fresh Fruit
2. Food Processing

As a prominent supplier, Freshtrop consistently delivers high-quality grapes and pomegranates to supermarkets in Europe and Russia. Additionally, the company has established a food processing facility in Nasik, India, focusing on producing fruit pulp including mango and guava pulp, as well as tomato paste, among other products.

Freshtrop Fruits Ltd Buyback Details 2024

Details of Buyback:

The proposal suggests buying back a maximum of 19,25,000 (Nineteen Lakhs Twenty-Five Thousand) equity shares of the Company. This represents 19.45% of the total equity shares in the paid-up share capital. The buyback price is fixed at Rs. 175/- (Rupees One Hundred Seventy-Five Only) per equity share, to be paid in cash. The total amount for this buyback is capped at Rs. 33,68,75,000/- (Rupees Thirty-Three Crore Sixty-Eight Lakhs Seventy-Five Thousand only).

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