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Parag Milk Foods launches growth funding plan dairyreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dairyreporter.com Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....
Parag Milk Foods Limited Parag Milk Foods Limited to raise Rs. 316 crore equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Parag Milk Foods to raise Rs 316 crore for expansion orlandoecho.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandoecho.com Daily Mail and Mail on Sunday newspapers.