Focus on international business
Dubai’s Amira Nature Foods Ltd, a global provider of packaged specialty rice, said its Indian subsidiary, Amira Foods India has converted Amira India debt into ordinary shares of Amira India.
As a result of the debt conversion, the company’s ownership in Amira India decreased from 80.4% to 49.8%. This event is a continuation of Amira’s focus on strengthening the company’s international business.
Founded in 1915, Amira has evolved into a global provider of packaged specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third-party brands. fiinews.com