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Vitan Agro Industries to divest 100% stake in Amirdam Food

28 Dec 2016 Evaluate

Vitan Agro Industries has received its board approval to divest its 100% stake in Amirdam Food. The board of directors at its meeting held on December 28, 2016 has approved for the same. The Company shall obtain the approval of the shareholders through postal ballot.

Vitan Agro Industries is engaged in the trading of agro-based products. The Company trades pulses, grains, spices, edible oil, agarbattis and agro-based consumer goods. The Company focuses on delivering packed tiffin's/lunches to multinational corporations (MNC's) educational institutions and information technology (IT) hubs, among others, on contract basis.

Peers
Company Name CMP
Avenue Supermarts 3161.40
Trent 2749.60
Vishal Mega Mart 86.90
PN Gadgil Jewellers 564.35
Aditya Birla Life 70.90
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