Indian rice exporter GRM Overseas rises after stake sale in unit

GRM Overseas

11/12/2023 07:44

** Shares of basmati rice exporter GRM Overseas  GRMO.NS  
up ~3%
    ** Co says it sold more than 3% stake in domestic food
business unit, GRM Foodkraft, to venture capital fund Sauce.vc
    ** Co has not mentioned the deal value
    ** Stock on track to snap three straight sessions of losses
    ** Trading vol is 2.4x the 30-day daily avg
    ** Stock trims YTD losses to ~55%



 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))