Tanvi Foods India Ltd to set up 51% subsidiary in UK

The Board of Directors of Tanvi Foods India Ltd, at its meeting held on September 22, 2025, has considered and approved the proposal for incorporation of a subsidiary company (51% ownership) with other strategic partners in Milton Keynes, United Kingdom, under the name and style of Tanvi Foods UK Limited or such other name as may be approved by the appropriate authorities. The Board has authorized Mr. Sri Nagaveer Adusumilli, Chairman and Managing Director, to take all necessary steps, as may be required in this connection.

This strategic decision follows the overwhelming success of our U.S. subsidiary - Tanvi Foods USA Inc., which has seen significant growth and strong market demand for our products, particularly frozen samosas and other ready-to-eat Indian foods in a very short span. Encouraged by this positive response, and recognizing the United Kingdom as the next major growth market for our products, the Company has decided to expand its international footprint through this new incorporation in United Kingdom.

Shares of Tanvi Foods (India) Ltd was last trading in BSE at Rs. 88.38 as compared to the previous close of Rs. 85.00. The total number of shares traded during the day was 2000 in over 2 trades.

The stock hit an intraday high of Rs. 91.75 and intraday low of 85.00. The net turnover during the day was Rs. 176750.00.

Source : Equity Bulls

Keywords

TanviFoodsIndia INE978V01015 Subsidiary JV UK