Prime Industries Limited has acquired a 50.001% equity stake in Linga Agri Trading and Machinery Private Limited for approximately Rs. 2.04 Crore.

Linga Agri, a manufacturer of farm and agricultural machinery, reported revenues of Rs. 7.24 Crore for FY2023-24 and Rs. 19.31 Crore for FY2024-25 (unaudited). Its past three years' turnover also shows figures like Rs. 10.42 Crore for FY2022-23 and Rs. 1.98 Crore for FY2021-22. This acquisition is a strategic step for Prime Industries to expand into the specialized agricultural sector, diversifying its business.

The transaction is complete.