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Karuturi Networks acquires Sher Agencies

October 22, 2007

Karuturi Networks has completed all formalities leading lending to acquisition of infrastructure and management control of Sher Agencies, Kenya.

With this acquisition, the company has emerged as the worlds largest producer and exporter of roses. Karuturi Roses are available in Africa, USA. Europe, Middle East, Far East Asia, Australia and New Zealand. This acquisition renders the company as the truly multi national and fully integrated company in India in the field of agriculture.

Sai Ramakrishna Karuturi and Srinivas Rao Karuturi are appointed as the directors of Sher Agencies, Kenya after the existing directors of the company stepped down following the acquisition. The new board of directors have proposed to rename the company as Sher Karuturi.

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