Sanwaria Consumer is planning to raise funds to the tune of Rs 400 crore for future capacity expansions/acquisitions/working capital requirements through QIP/Placement of shares to Institutions/FII/ Mutual Funds etc. on the pricing as determined under the SEBI (ICDR) Regulations, 2009. The meeting of the Board of Directors of the company will be held on May 07, 2018, to consider and approve the same.
The company is also planning to issue shares to Promoters of Rs 1 face value at Rs 35 Per Share (including the premium of Rs 34 per share) amounting to Rs 100 crore along with the other investors in QIP fund raising.
Sanwaria Consumer is one of the largest integrated food processors in India and is engaged in the business of manufacturing and selling of Rice, edible oil and staple food products like Pulses, Sugar, Soya Chunks, Wheat Flour, Rice Flour, Salt, Suji, Maida, Besan, Daliya, Soya Meal etc.
