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Manorama Industries incorporates wholly owned subsidiary

16 Oct 2024 Evaluate

Manorama Industries has incorporated Wholly Owned Subsidiary (WOS) of the Company with the name ‘Manorama Africa Benin’. The wholly owned subsidiary is incorporated in Benin with primary objective to expand business of the Company.

Earlier, the company had incorporated Wholly Owned Subsidiary of the Company with the name ‘Manorama Savanna Togo Sarl’ on September 18, 2024 in Togo.

Manorama Industries is one of the leading manufacturers of Sal/Mango based specialty fat, which is used to manufacture Cocoa Butter Equivalent (CBE), which in turn is used as an important ingredient in Chocolate, Cosmetic & Healthcare Industries.

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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