Sarveshwar Foods Ltd

Sarveshwar Foods Ltd recently saw a 3.70% rise in its stock price, reaching an intraday high of ₹9.87. The company is set to acquire the remaining 55% stake in Dubai-based Natural Global Foods DMCC for 3043.64 AED per share, enhancing its control in the Middle Eastern market. This move, expected to be completed by December 31, 2024, positions Sarveshwar for strategic growth without regulatory hurdles. Additionally, its subsidiary, Green Point Pte. Limited, secured a ₹445 million order to supply 12,000 MT of premium rice, aligning with its target of ₹2,000 million in revenue this fiscal year.