News and Editorials
05 December 2013
Abu-Dhabi based co invests Rs 112.77 cr in Kohinoor Foods
NEW DELHI: Abu-Dhabi based Al Dahra International Investments LLC has picked up over 70 lakh shares in rice exporter Kohinoor Foods Ltd for Rs 112.77 crore. "The company has allotted 70,48,306 equity shares at Rs 160 per share at a premium of Rs 150 each share to Al Dahra International Investments LLC, UAE, after receiving the total consideration of Rs 112.77 crore," the company said in a BSE filing today.
02 June 2011
Kohinoor Foods form JV with US firm McCormick
NEW DELHI: Rice exporter Kohinoor Foods today announced a joint venture with US-based spice maker McCormick, which will invest over Rs 500 crore in the venture for marketing of basmati rice and other food products in India.
McCormick would invest USD 115 million (about Rs 516 crore) for 85 per cent stake in the JV-- Kohinoor Speciality Foods India Ltd-- and transfer of certain trademarks and non- compete undertakings from Kohinoor Foods and its promoters.