| Leading basmati rice company Bush Foods Overseas Ltd today said it has sold majority stake in the company to Qatar-based investment firm Hassad Food for more than $ 100 million.
Hassad Food Company is a wholly-owned subsidiary of Qatar Holding, which is part of Qatar’s sovereign wealth fund Qatar Investment Authority (QIA). It invests in agriculture and livestock sectors. Bush Foods sells basmati rice under ‘Neesa’ brand. It has a facility in Haryana with an annual capacity of 1.7-2 lakh tonnes. It posted a turnover of Rs 1,340 crore in last fiscal...............................................Full Article: Source
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