Amira Nature Foods Ltd Chairman and Chief Executive Officer Intends to Hold
Shares Released from IPO Lockup
DUBAI, United Arab Emirates -- April 8, 2013
Amira Nature Foods Ltd (the “Company” or “Amira”) (NYSE: ANFI), a leading
global provider of packaged Indian specialty rice, today announced that
despite the expiration of the lockup agreement between Amira and Karan A.
Chanana, Chairman and Chief Executive Officer, that was entered into in
connection with Amira’s initial public offering, Mr. Chanana does not plan to
sell, and rather intends to hold all of the Amira shares beneficially owned by
him. Mr. Chanana beneficially owns 99.9% of the fully diluted Amira ordinary
shares subject to such lockup agreements, all of which are expiring today.
About Amira Nature Foods
Founded in 1915, Amira has evolved into a leading global provider of packaged
Indian specialty rice, with sales in over 40 countries today. Amira sells
Basmati rice, a premium long-grain rice grown only in certain regions of the
Indian sub-continent, under their flagship Amira brand as well as under other
third party brands. Amira sells its products primarily in emerging markets
through a broad distribution network. Amira’s headquarters are in Dubai,
United Arab Emirates, and it also has offices in India, Malaysia, Singapore,
the United Kingdom, and the United States.
John Mills/Katie Turner
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