Archive · 5 Oct 2026
NHC Foods Subsidiary Plans 75% Stake in Singapore’s DNR Ventures
NHC Foods has announced a possible investment in a Singapore company called DNR Ventures.
Its subsidiary, Conquer Enterprises, has signed a letter saying it intends to buy 75% of the company.
The planned price is USD 5.5 million, or about ₹45.82 crore.
The letter is not a final deal.
The companies still need to complete checks and agree on final documents.
They also need the required company approvals and permissions.
NHC Foods shared the information in a filing to the BSE on October 4, 2026.
Conquer Enterprises Limited signed a non-binding letter of intent to acquire a 75% stake in DNR Ventures Pte Ltd.
The proposed consideration is USD 5.5 million, approximately ₹45.82 crore.
DNR Ventures Pte Ltd is based in Singapore.
The deal is subject to satisfactory due diligence, definitive agreements, corporate approvals, and required consents.
NHC Foods Limited disclosed the proposed acquisition in a BSE filing dated October 4, 2026.
- Who
- Conquer Enterprises Limited, a foreign step-down subsidiary of NHC Foods Limited, and DNR Ventures Pte Ltd.
- What
- A proposed acquisition of a 75% equity stake in DNR Ventures for USD 5.5 million, approximately ₹45.82 crore.
- When
- NHC Foods announced it in a BSE filing on October 4, 2026.
- Where
- DNR Ventures Pte Ltd is based in Singapore; the announcement was made in a filing to the BSE.
- Why
- The article does not state a specific reason for the proposed acquisition.
- Proposed buyer
- Conquer Enterprises Limited, NHC Foods Limited’s foreign step-down subsidiary
- Target
- DNR Ventures Pte Ltd
- Target location
- Singapore
- Stake proposed
- 75% equity interest
- Proposed consideration
- USD 5.5 million (approximately ₹45.82 crore)
- Status
- Non-binding letter of intent signed; acquisition remains subject to conditions
- Announcement date
- October 4, 2026