BSE-listed NHC Foods is in talks with Malaysia-based MAP Enterprises for a stake sale. The spice manufacturer informed the exchanges that it will use the proceeds to pare its debt. The company intends to become debt-free in two years and has already announced plans to sell a manufacturing unit in Pardi, Gujarat. Promoters of the company also plan to inject fresh capital, the company said. Financial details of the stake sale were not provided in the notification. MAP Enterprises is the overseas importing partner of NHC Foods. Shares of NHC Foods, which sells its spices under the SAAZ Masala brand, failed to latch on to initial gains to close the day at ₹18.1, down 2.7 per cent from the previous day’s close.

Satya Miners & Transporters has informed the BSE that the board of directors of the company plans to spread its wings in the greenhouse (shade net house, poly house and hi-tech greenhouse) space. The company will foray into the greenhouse segment across the county in order to exploit the opportunity in the space. Shares of Satya Miners jumped 4.94 per cent at ₹8.5 on the BSE.

The board of Remi Edelstahl Tubulars on Monday approved allotment of 10 lakh equity shares of face value ₹10 each on preferential basis to Daleep Jatwani, non-promoter, at ₹60 a share. Besides, the board allotted four lakh 6 per cent non-cumulative non-convertible preference shares of ₹100 each to Hanuman Freight and Carriers Private Limited, a non-promoter entity. Shares of Remi Edelstahl gained 4.86 per cent at ₹20.5 on the BSE.

Related Topics