India: ICICI Bank acquired 8.89% stake in rose exporter Karuturi Global
As per the filing, ICICI Bank had acquired 8.89 percent shares in Karuturi on August 17, 2015. At a closing price of Rs 3.43 of Karuturi, the deal is valued at over Rs 24.69 crore.
With over 292 hectares under greenhouse cultivation, the company annually produces around 555 million stems of quality cut roses for exports to high-value markets.
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