Green Agrevolution PVT. LTD. (DeHaat) entered into business transfer agreement to acquire Fresh fruit business from Freshtrop Fruits Limited for INR 770 million on October 16, 2023. Under the terms of agreement, Green Agrevolution will pay the consideration in two tranches, INR 577.5 million at the date of closing and 192.5 million to be received on December 31, 2023, or within 60 days from the closing date, whichever is later, subject to certain conditions. In addition, a deferred consideration would be received over a period of 2 years from the date of closing of the transaction, subject to fulfilment of certain conditions based on net revenue. The transaction was approved by the Board of Directors and shareholders of Freshtrop Fruits Limited. Fresh fruit business reported revenue of INR 1.4 billion for FY 2022-2023. Vikrant Anand of Vertices Partners acted as legal advisor to Green Agrevolution while Mudit Shah of Cyril Amarchand Mangaldas acted as legal advisor for Freshtrop Fruits.

Green Agrevolution PVT. LTD. (DeHaat) completed the acquisition of Fresh fruit business from Freshtrop Fruits Limited on November 11, 2023.