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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. ....
Nifty, Sensex may recover from today s setback – Monday closing report Moneylife Digital Team 0 We had mentioned in previous week’s closing report that Nifty, Sensex may continue to rally. On Monday, the indices opened lower and suffer a major correction. On the NSE, there were 624 advances, 1,371 declines and 82 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
YES Bank loans and advances grew by a marginal 0.8 percent on a year-on-year basis to Rs 1,72,850 crore at the end of March 2021. Deposits grew 54.7% at Rs 1.62 lakh crore at end of March 2021 as against Rs 1.05 lakh crore by end of March 2020. ....
पराग मिल्क फूड्स की 316 करोड़ रुपये जुटाने की योजना business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.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.