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Avanti Feeds invests Rs 84.60 crore in equity share capital of Avanti Frozen Foods

01 Jan 2016 Evaluate

Avanti Feeds has invested Rs 84.60 crore in the equity share capital of Avanti Frozen Foods and the shares were allotted to the company on December 31, 2015. The company has invested in share capital pursuant to subscription of rights issue of Avanti Frozen Foods.

The company’s board had earlier approved the offer for subscription to rights issue received from Avanti Frozen Foods and accordingly the company was supposed to invest Rs 84.60 crore by way of subscription to 60,00,000 equity shares of Rs 10 each at a premium of Rs 131 per share in accordance with the Rights issue offer letter.

Avanti Feeds is engaged in processing shrimps and packing Pan Frozen as well as IQF. It exports shrimps to USA, Japan, Australia and UK etc.


Avanti Feeds Share Price

1474.55 82.55 (5.93%)
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Company Name CMP
Godrej Agrovet 614.20
Avanti Feeds 1474.55
KSE 205.05
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