Promoters of GRM Overzee have a 2.65% interest for more than RS 58 Crore caught in secondary market transactions, making their holding shelf life 68.20%. Participation in the block agreements participated in high -profile investors, including Vora, Singularity Ventures (Madhu Kela Family), RG Family Trust and Jakson Group.
Who bought and who sold
On September 25, Promoter Atul Garg sold 10 Lakh shares at an average price of RS 357, while Mamta Garg sold 6.25 Lakh shares at the same price.
These shares were picked up by investors such as Nikhil Vora, who raised its interest from 0.33% to 0.85% with the purchase of 3.1 LAKH shares, while Singularity Equity Fund I (Madhu Kela-Familie) raised its interest from 2.20% with a 6.35% with a 6.35%.
RG Family Trust bought 6.25 Lakh shares and Jakson Group increased its importance from 2.40% to 3.44%.
A consumer who gets traction
GRM Overzee, founded as a rice exporter, has tightened his focus on the packaged food market of India through his subsidiary GRM Foodkraft PVT LTD, who more than doubled his turnover to RS 539 Crore in FY25 of RS 257 Crore a year earlier. The unit, launched in 2021, quickly emerged as one of the fastest growing food brands, helped by strong distribution and famous brand ambassador Salman Khan.
Wider background
India, the world’s largest rice exporter, shipped around 22 million tonnes with a value of more than $ 11.4 billion in 2023, accounting for almost 40% of global trade. Despite the curbs on certain rice varieties, exports grew by 20% on an annual basis in FY25, giving a supporting environment for companies such as GRM abroad.
The company has also recently inaugurated a company office in Gurugram to tap into a broader ecosystem of technology and talent, aimed at scale activities and accelerating innovation in packaged foods.
Market performance
GRM Overseas shares have risen by more than 42% in the last 12 months and in 2025 years to date 80% to date. From a technical point of view, the share is traded above six of its eight important simple advancing averages, while the relative strength index at 59.7 suggests that it is neither overbought nor sold over. However, the MACD remains under the middle line at -1.9, which indicates a bearish undertone.
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(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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