Indrayani Biotech has entered into a Memorandum of Understanding (MoU) with Dindigul Farm Product on May 18, 2022. As a part of understanding, the company will conduct a due diligence exercise and based on mutual agreements, shall make investments in the said company. Any potential association shall be subject to successful completion of due diligence process, capacity and capability of the company and receipt of approval in accordance with SEBI regulations and statutory compliances.
A successful association shall be a feather in the cap of the company and shall enable entry into protein based products domain.
Indrayani Biotech is a company belonging to food sector. They are a part-finance its project to produce cut flowers, strawberries, tissue culture plantlets and hybrid vegetable seeds. The company also markets and distributes hybrid vegetable seeds manufactured by Hoechst India. It plans to produce these seeds for Hoechst in due course of time.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2718.25 |
| DCM Shriram | 1225.85 |
| 3M India | 31394.15 |
| Hindustan Foods | 509.15 |
| Balmer Lawrie & Co | 176.20 |
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