Kolkata-based packaged snacks and food beverage company Annapurna Swadisht on Tuesday got the boards approval to raise Rs. 69.33 crore through a preferential issue of equity shares and warrants by the end of September 2023. The warrant may be converted in tranches within 18 months from the issue date.
The company will issue the following securities on a preferential basis: 11,00,000 equity shares, for Rs 295 per equity share, aggregating to Rs 32.45 crore and 12,50,000 warrants, at an exercise price of Rs 295 per warrant, aggregating to Rs 36.88 crore. Warrants may be converted in tranches within 18 months, the company stated.