Mumbai: NHC Foods Limited's foreign step-down subsidiary, Conquer Enterprises Limited, has signed a non-binding letter of intent to acquire a 75% equity interest in DNR VENTURES PTE LTD, Singapore. The proposed acquisition is valued at USD 5.5 million (approximately ₹45.82 crore).
Acquisition Details
The acquisition involves a 75% equity stake in DNR VENTURES PTE LTD, a Singapore-based entity. The proposed consideration for this stake is USD 5.5 million.
Future Steps
The proposed acquisition remains subject to satisfactory due diligence. It also requires mutually agreed definitive transaction documents, applicable corporate approvals, and all necessary regulatory or third-party consents.
Company Update
NHC Foods Limited made the announcement on October 04, 2026, in a filing to the BSE. Saty am Shirishchandra Joshi, Managing Director of NHC Foods, signed the intimation.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
