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GRM Overseas acquires additional stake in GRM Foodkraft

30 Nov 2022 Evaluate

GRM Overseas has purchased additional 8,900 equity shares of GRM Foodkraft material subsidiary of the Company from its existing shareholders at a total consideration of Rs 1.02 crore. The company’s shareholding in its material subsidiary company has increased from 86.95% to 94.69%. The objective of purchase is to further consolidate shareholding of the Company in the Subsidiary.

GRM Overseas is presently engaged in the business of processing and sale of rice.

Peers
Company Name CMP
Nestle India 1279.00
Varun Beverages 436.00
Britannia Industries 4790.00
LT Foods 420.10
Hatsun Agro Product 1070.35
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