GRM Overseas gains on acquiring GRM ARABIA FZCO
GRM Overseas is currently trading at Rs. 162.55, up by 2.05 points or 1.28% from its previous closing of Rs. 160.50 on the BSE.
The scrip opened at Rs. 161.30 and has touched a high and low of Rs. 162.60 and Rs. 159.80 respectively. So far 4242 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 185.55 on 24-Dec-2025 and a 52 week low of Rs. 66.05 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 171.60 and Rs. 146.35 respectively. The current market cap of the company is Rs. 3353.69 crore.
The promoters holding in the company stood at 68.27%, while Institutions and Non-Institutions held 6.55% and 25.18% respectively.
GRM Overseas has acquired GRM ARABIA FZCO, a company registered with the Company Regulations of the Dubai Multi Commodities Centre Authority and it becomes a 100% wholly owned subsidiary of the company. The objective of acquisition is to establish a distribution and marketing hub in the United Arab Emirates (UAE) for catering to customers in the UAE and nearby international markets, including trading, importing, exporting, and distribution of rice, food grains, and related food products. Th cost of acquisition is 50,000 AED (Arab Emirates Dirham).
