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Parag Milk Foods to raise ₹316 crore April 05, 2021 Devendra Shah, Chairman, Parag Milk Foods Ltd. File Photo - BusinessLine× RELATED To raise funds from IFC, Sixth Sense Venture Advisors, promoters Parag Milk Foods Ltd, a dairy-FMCG company, plans to raise a total of ₹316 crore through preferential issuance of shares, Foreign Currency Convertible Bonds (FCCB) and convertible warrants. The fund-raising is subject to shareholder’s approval at the EGM scheduled on April 26 and other regulatory approvals. “We are looking at replacing our short-term working capital limits by NCDs, where there is a two-year moratorium, as well as reduce the overall debt burden. The funds that will be raised through FCCB will be utilised for meeting our capex requirements over the next two years and would free-up our cash flows during that period,” Parag Milk Foods Chairman, Devendra Shah, said. ....
Home First Finance sets IPO price band of ₹517-518 per share January 19, 2021 IPO opens on Thursday, closes January 25 Global private equity firm Warburg Pincus-backed Home First Finance Company India Ltd (HFFC) has fixed a price band of ₹517-518 per share for its ₹1,153.72-crore initial public offering (IPO), which opens on Thursday . The offer comprises a fresh issue of up to ₹265 crore and an offer for sale (OFS) of up to ₹888.72 crore by promoters True North Fund V LLP and Aether (Mauritius) Ltd, existing investor Bessemer India Capital Holdings II Ltd and certain individual shareholders. The offer will close on Monday, January 25. ....