Breaking News

You are here » Indian-Commodity  :  Corporate  :  Foods & Inns hikes stake in Finns Frozen Foods

05-Apr2018

Foods & Inns hikes stake in Finns Frozen Foods

Foods & Inns has acquired additional 26,00,000 equity shares of Rs 10 each fully paid up aggregating to Rs 2.60 crore of Finns Frozen Foods (India).

Subsequent to the acquisition to the above mentioned equity shares, the company has become the shareholder of Finns Frozen Foods (India) with aggregate of 100% stake of equity share capital of the said company, and as a result Finns Frozen Foods (India), becomes the wholly owned subsidiary company.

Foods & Inns is a leading internationally reputed manufacturer and exporter of fruit pulp and concentrates in canned and aseptic packing, frozen pulp and vegetables, fruit powders etc.



Related News

View all news

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......

Crisil downgrades DHFL's commercial papers worth Rs 850 crore

Credit Rating Agency Crisil has downgraded Dewan Housing Finance Corporation's commercial paper worth Rs 850 crore from A3+ to A4+. Its rating also continues to be on 'Rating Watch with Negative Implications'.......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......