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Pincon Spirit plans to raise Rs 315 crore to fund expansion

29 Jul 2015 Evaluate

Pincon Spirit (PSL) is planning to raise around Rs 315 crore through a combination of equity and debt instruments that include issue of fresh equity shares, non-convertible debentures (NCDs) and fixed deposits. The funds, to be raised in tranches over a two-year period, will be used towards its Rs 400 crore expansion plans.

The company reported net revenue of Rs 602 crore. Nearly 30 per cent (Rs 182 crore) of this was from the FMCG division, that includes edible oils like mustard, soya and palm.

 

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