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Himalya International planning to sell NH8 land

24 Oct 2017 Evaluate

Himalya International is planning to sell NH8 land and plough back proceeds into working capital to put all dormant units into operation without raising new debt. The company will also review the revival of mushroom operations after the floods in July/August 2017. The Board of Directors meeting will be held on October 28, to consider the same.

The company is also planning to raise Rs 30 crore by way of preferential issue to promoters & friends for working capital to put all the dormant units in operations at Gujarat plant. It will also consider alternative plans to raise resources to infuse new life and put all dormant units into operations without raising new debt.

Himalya International is the pioneer and the most diversified food & agribusiness companies of India.

Himalaya Food Share Price

10.62 0.10 (0.95%)
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