GRM Overseas gains on getting nod to form wholly owned subsidiary in UAE
GRM Overseas is currently trading at Rs. 369.25, up by 3.40 points or 0.93% from its previous closing of Rs. 365.85 on the BSE.
The scrip opened at Rs. 368.00 and has touched a high and low of Rs. 369.70 and Rs. 367.05 respectively. So far 1197 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 397.60 on 16-Jul-2025 and a 52 week low of Rs. 175.95 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 370.35 and Rs. 342.35 respectively. The current market cap of the company is Rs. 2257.45 crore.
The promoters holding in the company stood at 70.84%, while Institutions and Non-Institutions held 2.38% and 26.79% respectively.
GRM Overseas has received approval for the formation of wholly owned subsidiary (WOS) of the company in United Arab Emirates (UAE) by name GRM Global FZE or any other name as may be approved by the regulatory authorities in the UAE, to serve as a distribution and marketing hub 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. The Board of Directors of the company at their meeting held on August 12, 2025 has approved the same.
GRM Overseas is presently engaged in the business of processing and sale of rice.
