GRM Overseas shines on acquiring additional stake in GRM Foodkraft
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GRM Overseas is currently trading at Rs. 355.30, up by 8.10 points or 2.33% from its previous closing of Rs. 347.20 on the BSE.
The scrip opened at Rs. 350.15 and has touched a high and low of Rs. 356.35 and Rs. 349.95 respectively. So far 511 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 935.40 on 20-Jan-2022 and a 52 week low of Rs. 303.00 on 24-Jun-2022.
Last one week high and low of the scrip stood at Rs. 356.35 and Rs. 332.00 respectively. The current market cap of the company is Rs. 2083.20 crore.
The promoters holding in the company stood at 72.00%, while Institutions and Non-Institutions held 0.06% and 27.94% respectively.
GRM Overseas has purchased additional 8,900 equity shares of GRM Foodkraft material subsidiary of the Company from its existing shareholders at a total consideration of Rs 1.02 crore. The company’s shareholding in its material subsidiary company has increased from 86.95% to 94.69%. The objective of purchase is to further consolidate shareholding of the Company in the Subsidiary.
GRM Overseas is presently engaged in the business of processing and sale of rice.
