Indian rice exporter GRM Overseas plans to raise ₹136 cr through share warrants, investing in brand expansion, growth opportunities, and mergers/acquisitions.
Indian basmati rice exporter GRM Overseas plans to raise ₹136 cr through preferential issue of share warrants to 33 promoters and non-promoter investors. The funds will be used to expand its 10X brand, explore inorganic growth opportunities, strategic mergers and acquisitions, and improve operational capabilities. Investors include Atul Garg, Forbes EMF, Singularity Equity Fund, and Nikhil Vora HUF.
June 21, 2024
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