New Delhi, Dec. 17 -- Penny stock under Re 1 Auri Grow India share price is in focus on Wednesday, December 17 after Hong Kong-based FII Luminary Crown issued a Letter of Intent (LoI) to explore acquiring up to 24% equity in the company. The proposed deal indicates a price of Rs.2 per share, significantly higher than Auri Grow India's Rs.0.84 market price on December 16, offering a sizable premium.

The LoI outlines a potential investment through primary issuance by preferential allotment, subject to regulatory, statutory and shareholder approvals. Auri Grow, listed on the NSE as AURIGROW, operates in high-growth agriculture, agri-technology and export-focused sectors, and views the proposal as an opportunity for strategic capital infusio...