MoneyWorks4Me

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 1364.90
Varun Beverages 434.65
Britannia Industries 4939.00
LT Foods 422.25
Hatsun Agro Product 1163.20
View more..