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 1265.00
Varun Beverages 430.00
Britannia Industries 4780.00
LT Foods 417.30
Hatsun Agro Product 1163.90
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