NHC Foods Ltd approved the acquisition of controlling stakes (up to 88% and 80%) in Lotmor Brands and Walya's Beverages to broaden its food and beverage portfolio.
NHC Foods Limited, via its Dubai-based subsidiary, acquired a 100% stake in Hong Kong-based Conquer Enterprises Limited for approximately ₹1.19 Crore (US$ 1,29,032). This strategic acquisition makes Conquer Enterprises a step-down subsidiary, enabling NHC Foods to venture into new trading avenues including metals and agro products.