GRM Overseas acquires 44% stake in Virat Kohli backed Rage Coffee

GRM Overseas acquires 44% stake in Virat Kohli backed Rage Coffee

Shares of GRM Overseas Ltd jumped 2.10% to an intraday high of ₹274.10 from its previous closing. GRM Overseas Limited announced a significant strategic investment in Swmabhan Commerce Pvt Ltd, the parent company of the digital-first coffee brand, Rage Coffee. GRM Overseas has acquired a 44% equity stake through a combination of primary infusion and secondary buyouts.