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Halder Venture enters into agreement to acquire 100% stake in Hal Exim

04 Mar 2024 Evaluate

Halder Venture has entered into an agreement to acquire 100% of shareholding of Hal Exim, a company incorporated on July 26, 2016.  As a result of this investment, the company shall become a holding Company of Hal Exim, whereby Hal Exim shall become a wholly- owned subsidiary of the company.

Hal Exim is engaged in the industry of retail and wholesale trade of Groceries, Farm Products, Raw Materials, Polished and Unpolished Rice, and such related products. Since the company earns its turnover from sale (export) of rice and palm oil, both being farm products, this acquisition will enhance foreign customer base and exports of the company.

The company is mainly engaged in Trading of rice as its principal business.


Peers
Company Name CMP
Nestle India 1396.00
Varun Beverages 411.30
Britannia Industries 5011.00
LT Foods 442.00
Hatsun Agro Product 1192.20
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