GRM OVERSEAS EXPANDS GLOBAL ACQUISITION AS IT TAKES OVER UAE UNIT
GRMOVER has strategically acquired GRM ARABIA FZCO as it's wholly owned subsidiary, thereby establishing a distribution and marketing hub in the UAE. The acquisition aims to expand the company's reach in Middle Eastern markets through trading of rice, food grains, and FMCG products, positioning UAE as a gateway for broader regional operations.
The company's stock price has given multibagger returns of 170% in the last 2 years, going from Rs 60 per share to Rs 160 per share. Both FIIs and DIIs have also shown strong interest in the company, wherein FIIs have increased stake from 0.72% in Mar25 to 9.4% in Feb26, and DIIs have increased stake from 0.25% in Mar25 to 3.13% in Feb26.
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