MoneyWorks4Me

GRM Overseas sells stake in GRM Foodkraft

11 Dec 2023 Evaluate

GRM Overseas has sold more than 3% stake in GRM Foodkraft (Foodkraft), a subsidiary of GRM Overseas, focused on domestic India based foods business, to Sauce.vc (Sauce), a consumer-focused venture capital fund, for an undisclosed amount. Sauce has also acquired an additional 1 percent stake from other shareholders.

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
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