Sarveshwar Foods expands global footprint with fresh acquisition
According to an exchange filing, the company has acquired 100 per cent ordinary shares and business of the company with a turnover of $3,139,471.
Sarveshwar Foods engaged in food processing, mostly in rice product varieties, has expanded its global footprint with the acquisition of Green point Pte. Ltd. According to an exchange filing, the company has acquired 100 per cent ordinary shares and business of the company with a turnover of $3,139,471.
The acquisition will help Sarveshwar Foods expand its global footprint. "The acquisition is of a strategic nature and it will provide International presence and attract investors and strategic partners to bring relevant experience for the growth and expansion of Business," the company said in an exchange filing.
As per the information available on the official website of the BSE, Green Point Pte. Ltd is incorporated in Singapore and Registered with the Accounting And Corporate Regulatory Authority (ACRA).
Earlier, Sarveshwar Foods Limited expanded its footprint with the launch of two more 'SFL-Choupals' (Procurement Facilitation Centres). These centres will strengthen the company's procurement channel further. The company said that they are being set up in Kulgam and Doda to procure Walnuts, Rajma, Apple, Black Morels (Gucchi), Kala Jeera and other authentic Himalayan Delights directly from Farmers.
The company is engaged in the business of manufacturing, trading, processing, and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets.
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