NHC Foods' arm plans $5.5 million Singapore firm acquisition
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓NHC Foods Ltd proposed acquiring a 75 percent stake in Singapore-based DNR Ventures Pte Ltd for $5.5 million.
- ✓The company said this deal helps expand its international operations.
- ✓Managing Director Satyam Shirishchandra Joshi said, "The company's focus will be on building meaningful synergies, leveraging the capabilities of both businesses."
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
NHC Foods Ltd has proposed acquiring a 75 percent stake in Singapore-based DNR Ventures Pte Ltd for $5.5 million as the agricultural commodities trading and processing company looks to expand its international operations, the company said in a regulatory filing. The proposed acquisition will be made through NHC Foods' foreign step-down subsidiary, Conquer Enterprises Ltd, which has signed a non-binding letter of intent with DNR Ventures, the company said. The transaction is subject to due diligence, execution of definitive agreements, corporate approvals and regulatory and third-party consents.
DNR Ventures Pte Ltd is a Singapore-registered exempt private company engaged in general wholesale trade and business activities.
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