Tanvi Foods India Ltd has announced that the proposed 55% subsidiary in Delaware, United States has been incorporated in the name and style of "TANVI FOODS USA INC."
This subsidiary will allow the Company to capitalize on growth opportunities in the U.S. frozen foods market. By establishing a separate business unit, the company can more effectively tap into the expanding demand for frozen food products in the United States. This will enable the Company to capture a large market share, introduce new product lines and create a strong customer base by selling the products under its name.
Shares of Tanvi Foods (India) Ltd was last trading in BSE at Rs. 141.95 as compared to the previous close of Rs. 130.00. The total number of shares traded during the day was 2000 in over 2 trades.
The stock hit an intraday high of Rs. 144.80 and intraday low of 141.95. The net turnover during the day was Rs. 286750.00. |
