India

Karuturi fails in bid to stop piecemeal sale of its assets
- Nation
- 26 July 2022
Stanbic Bank has received the nod to proceed with a piecemeal auction of assets of one of Kenya’s largest flower farms, Karuturi Limited to recover a Sh1.6 billion debt.
Comment Swiss Singapore a pris le relais de Phoenix Global en Afrique de l'Ouest
- Africa Intelligence
- 03 June 2022
Enregistré à Singapour, mais piloté depuis Dubaï, le groupe de négoce de produits agricoles, d'engrais et de charbon Swiss Singapore, très connecté à New-Delhi, a commencé avec succès ses activités d'exportation de riz vers l'Afrique.
Eight years on, collapse of Karuturi flower farm haunts Naivasha town
- Daily Nation
- 05 April 2022
In the yesteryears, international investors trooped to the Kenyan lakeside town in search of land to grow flowers but it is no longer the case.
The world’s food systems are in crisis, and big agribusiness is at its heart
- OpenDemocracy
- 19 January 2022
We can no longer afford to pour billions in public money into projects that exacerbate debt, inequalities, poverty and climate change
Karuturi fights receivers over property auction
- The Standard
- 15 October 2021
Cash-strapped Karuturi Flowers in Naivasha is back in court in a bid to stop receiver managers from auctioning its property over Sh1.8 billion debt
Amaryllias Farmland - India's first tech-based online platform for managed farmland ownership and portfolio diversification
- ANI
- 01 September 2021
Amaryllias Farmland is a new tech-based online platform which allows one to have ownership of managed farmland from anywhere in India and also monitor its operations remotely.
Karuturi flower farm assets' sale begins
- The Star
- 18 August 2021
3,000 former workers of the once flourishing Naivasha based flower farm have been gien two months notice to move out and pave way for the sale of the staff quarters.
4 foreign funds invested in Adani firms have history of wrong bets: Report
- The Week
- 28 July 2021
Elara India Opportunities Fund, which Indian lawmakers suspect may be linked to Gautami Adani, was the largest foreign shareholder in Karuturi Global Ltd, owning 3.25% of the company in 2018.
Karuturi for sale
- Citizen News
- 26 July 2021
Banks receive nod to auction Karuturi assets in Kenya
End of an era for Karuturi farm as court okays auction of assets
- The Standard
- 22 July 2021
Seven years after the farm was placed under receivership due to debts owed to Kenya Revenue Authority and a local bank, the final nail has been hammered on its coffin. Workers now worry for the Sh300 million they are owed in salary arrears, union dues and savings.
Stanbic to auction Karuturi assets over Sh1.8bn loan
- Business Daily
- 19 July 2021
Stanbic Bank, in Kenya, is now free to auction assets of Karuturi Ltd over a debt of USD 16.6 million after the Supreme Court dismissed an appeal by its shareholders and guarantors.
Karuturi Global - Updates on liquidation
- Moneycontrol
- 27 February 2021
In an order dated January 25, 2021, Honorable NCLT Bengaluru has initiated liquidation proceedings in the matter of Karuturi Global Ltd.

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