510
18 days ago
560% return in five years! Multibagger FMCG stock to be in focus on Friday; here's why
Summary
Multibagger stock GRM Overseas is likely to be in focus on Friday, 27 February 2026, after the company shared an update on the acquisition of a UAE-based FMCG brand.
In an exchange filing submitted post-market hours on Thursday, 26 February, GRM Overseas said it has completed the acquisition of GRM ARABIA FZCO, which is now a wholly owned subsidiary of the company.
“GRM Overseas Limited (“the Company”) has acquired GRM ARABIA FZCO, a company registered with the Company Regulations of the Dubai Multi Commodities Centre Authority, and it becomes a 100% Wholly Owned Subsidiary (“WOS”) of the Company,” the filing read.
The company acquired 100% share capital in cash consideration totalling up to AED 50,000. Additionally, the acquisition does not fall under related party transactions.
Through the acquisition, GRM Overseas aims to establish a distribution and marketing hub in the UAE for catering to customers in the regionand nearby international markets, including trading, importing, exporting, and distribution of rice, food grains, and related food products, the company said.
Following the market hours on Thursday, GRM Overseas' share price stood at ₹160.5, down 2.58% at the BSE. The shares opened at ₹171.6 apiece today.
This month, GRM Overseas shared updates on the conversion of warrants and the bonus issue as well. The company informed on 6 February that its board had approved that the 77.18 lakh equity shares valued at ₹2 each have been converted from warrants after receiving ₹86.83 crore at ₹112.50 per warrant, as per SEBI (ICDR) Regulations, 2018. Further, there are no outstanding warrants pending for conversion, as the entire allotment of warrants has been fully converted into equity shares.
On 8 August 2024, the company's board of directors allocated 90.7 lakh convertible warrants at ₹150 each, amounting to ₹34,01,25,000, received as a 25% subscription from allottees on a preferential basis.
Of the 90.7 lakh convertible warrants, 13,52,000 have been converted into equity shares. The company this month received ₹86.83 crore for the remaining 77.18 lakh warrants from 21 holders at Rs. 112.50 per warrant.
In terms of the bonus issue, the board approved an issue of 1,54,36,000 equity shares, which was approved by the company members at an Extraordinary General Meeting on 9 December 2025, at a 2:1 ratio.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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In an exchange filing submitted post-market hours on Thursday, 26 February, GRM Overseas said it has completed the acquisition of GRM ARABIA FZCO, which is now a wholly owned subsidiary of the company.
“GRM Overseas Limited (“the Company”) has acquired GRM ARABIA FZCO, a company registered with the Company Regulations of the Dubai Multi Commodities Centre Authority, and it becomes a 100% Wholly Owned Subsidiary (“WOS”) of the Company,” the filing read.
The company acquired 100% share capital in cash consideration totalling up to AED 50,000. Additionally, the acquisition does not fall under related party transactions.
Through the acquisition, GRM Overseas aims to establish a distribution and marketing hub in the UAE for catering to customers in the regionand nearby international markets, including trading, importing, exporting, and distribution of rice, food grains, and related food products, the company said.
Following the market hours on Thursday, GRM Overseas' share price stood at ₹160.5, down 2.58% at the BSE. The shares opened at ₹171.6 apiece today.
This month, GRM Overseas shared updates on the conversion of warrants and the bonus issue as well. The company informed on 6 February that its board had approved that the 77.18 lakh equity shares valued at ₹2 each have been converted from warrants after receiving ₹86.83 crore at ₹112.50 per warrant, as per SEBI (ICDR) Regulations, 2018. Further, there are no outstanding warrants pending for conversion, as the entire allotment of warrants has been fully converted into equity shares.
On 8 August 2024, the company's board of directors allocated 90.7 lakh convertible warrants at ₹150 each, amounting to ₹34,01,25,000, received as a 25% subscription from allottees on a preferential basis.
Of the 90.7 lakh convertible warrants, 13,52,000 have been converted into equity shares. The company this month received ₹86.83 crore for the remaining 77.18 lakh warrants from 21 holders at Rs. 112.50 per warrant.
In terms of the bonus issue, the board approved an issue of 1,54,36,000 equity shares, which was approved by the company members at an Extraordinary General Meeting on 9 December 2025, at a 2:1 ratio.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Download the Mint app and read premium stories
AI Description
GRM Overseas, an FMCG company, is expected to gain attention due to its acquisition of GRM ARABIA FZCO. This strategic move is anticipated to significantly impact its market performance.