NHC Foods has received Reserve Bank of India’s (RBI) approval to increase limit on investments in equity shares and convertible debentures by foreign institutional investors through primary market and stock exchanges to 49%. Non-resident Indians (NRI) and Persons of Indian Origin (PIO) can invest up to 24% of the company’s paid-up capital.
In November 2013, shareholders of NHC Foods at an extraordinary general meeting (EGM) had approved hiking FIIs' investment limit in the company from 24% to 49% and limit of NRIs holding in the firm to 24% from 10%.
NHC Foods is Government Recognized Star Export House engaged in the Business of Exporting Whole & Ground Spices, Oil Seeds, Food Grains, & Animal Feeds. The company has its state-of-the-art manufacturing facilities at Pardi in Gujarat. The company currently exports to 60 countries and has more than 200 International customers.
