Agri-trader NHC Foods to acquire 75% stake in Singapore’s DNR Ventures for $5.5 M

Mumbai-based NHC Foods is to acquire a 75% equity interest in Singapore-based DNR Ventures for USD 5.5 M, through the company’s step-down foreign subsidiary, Conquer Enterprises. Post deal, NHC Foods will hold a controlling interest in DNR Ventures.DNR Ventures Pte Ltd is primarily engaged in the wholesale trade of a variety of goods.NHC Foods is focused on the trading, processing, and export of agricultural commodities. The firm plans to utilize this transaction to broaden its business opportunities beyond its existing markets and establish a platform for growth.