REI Agro on Google Finance

REI Agro, formerly a significant player in the Indian agricultural commodity processing sector, particularly in the rice industry, has a listing that can be found on Google Finance under various ticker symbols depending on the exchange it was once traded on. However, it's crucial to understand the current status of the company before relying on any information presented on Google Finance or any other financial platform.

Historically, REI Agro was involved in activities spanning the entire rice value chain, from procurement and processing to branding and distribution. They aimed to be a major exporter of basmati and non-basmati rice, catering to both domestic and international markets. Their operations included rice mills, storage facilities, and a network for sourcing paddy directly from farmers. The company’s expansion strategies included investments in infrastructure and acquisitions to increase their processing capacity and market reach.

However, REI Agro faced significant financial difficulties that ultimately led to insolvency proceedings. The company accumulated substantial debt and struggled to maintain profitability, leading to defaults on loan repayments. This resulted in legal action by creditors and eventual admission into the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) of India.

Currently, the status of REI Agro is complex and likely to be undergoing restructuring or liquidation proceedings. Trading in its shares has likely been suspended on major Indian stock exchanges due to the ongoing insolvency process. Therefore, while Google Finance may display historical data, including price charts, financial statements, and related news, it's imperative to consider that this information is largely historical and may not reflect the company's present state or future prospects.

If you encounter REI Agro on Google Finance, exercise extreme caution. The financial data displayed is likely outdated and should not be used as a basis for investment decisions. Always verify the information with official sources, such as the company's filings with the relevant regulatory authorities (e.g., the Registrar of Companies in India) or reports from the appointed resolution professional in the insolvency proceedings.

Furthermore, consulting with a qualified financial advisor is strongly recommended before making any decisions related to REI Agro, especially given its current state. The information provided here is for informational purposes only and does not constitute financial advice. It is crucial to understand the complexities of investing in companies undergoing insolvency proceedings and the risks involved.

In summary, while REI Agro might appear on Google Finance, its historical data should be interpreted with extreme caution due to the company’s ongoing insolvency resolution. Always prioritize verified information and professional advice before making any investment decisions.