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.