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.