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Parag Milk Foods to raise Rs 316 crore for expansion

Parag Milk Foods to raise Rs 316 crore for expansion
ANI |
Updated: Apr 05, 2021 12:13 IST
Pune (Maharashtra) [India], April 5 (ANI): Leading dairy FMCG company Parag Milk Foods on Monday announced plans to raise Rs 316 crore by way of preferential issue of equity shares, foreign currency convertible bonds (FCCBs) and issue of convertible warrants.
This is subject to approval by shareholders in the extra-ordinary general meeting scheduled on April 26 as well as regulatory approvals.
The company said International Finance Corporation (IFC) is proposing an investment of up to Rs 155 crore by way of subscription to preferential issue of equity shares and subscription of FCCBs in addition to proposed subscription to NCDs of Rs150 crore committed in December. ....

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