Karuturi Global has received an approval to raise funds to the extent of Rs 1000 crore through Global Depository Receipts (GDR), FCCB or any other mode, in one or more tranches on such terms and conditions as may be decided by the Board of Directors. The Board of the Directors of the company at their meeting held on March 27, 2018, considered and approved the same.
Karuturi Global is a world leader in production of cut roses with operations spread across Ethiopia, Kenya and India.