NHC Foods to acquire DNR Ventures for $5.5 mn
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓NHC Foods proposed to acquire a 75 per cent stake in Singapore-based DNR Ventures for $5.5 million.
- ✓Its subsidiary, Conquer Enterprises, signed a letter of intent to secure this controlling interest.
- ✓Managing Director Satyam Shirishchandra Joshi said, "The proposed transaction will be an opportunity to strengthen the foundation for growth."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The company's step down foreign subsidiary, Conquer Enterprises has signed a non-binding letter of intent to acquire the stake
NHC Foods, a leading player in trading, processing and export of agricultural commodities, has proposed to acquire 75 per cent equity interest in Singapore-based DNR Ventures Pte for $5.5 million.
The company's step down foreign subsidiary, Conquer Enterprises has signed a non-binding letter of intent to acquire the stake.
The transaction will provide NHC Foods with a controlling interest in the Singapore-based company, subject to satisfactory due diligence and required regulatory and third party consents.
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