Hindustan Media Ventures has announced an investment of up to ₹9.34 crore in KSKT Agromart Private Limited. The investment will be made by subscribing to equity shares or convertible equity-linked instruments of KSKT Agromart.
KSKT Agromart, based in Mumbai, operates in the organic grocery and dairy marketplace industry. The company has shown significant growth over the past three years, with a turnover of ₹12.99 crore in FY 2024-25, ₹5.45 crore in FY 2023-24, and ₹1.17 crore in FY 2022-23.
The acquisition is not a related party transaction, and there is no interest from the promoter group or group companies in the entity being acquired. The investment aims to leverage the media assets owned by Hindustan Media Ventures and is expected to provide a capital return in the future.
The acquisition is set to be completed by April 2026, with the consideration being made in cash. The percentage of shareholding or control to be acquired will be determined at the time of conversion of the convertible equity-linked instruments.
KSKT Agromart was incorporated on 16 October 2020 and operates the platform “Kaze Living,” which focuses on delivering healthier food alternatives. The company has established a presence in India, contributing to the growing demand for organic and healthy food options.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).