Som Distilleries & Breweries has received Letter of Intents (LOIs) from two Hong kong based investors for a preferential issue of shares for an amount up to Rs 100 crore subject to regulatory approvals and ratification from the shareholders of the company through an EGM proposed on June 29, 2018.
In the same EGM, the company is proposed to issue preferential warrants up to Rs 36 crore to the promoters and the promoter group.
Som Distilleries & Breweries is engaged in the business of brewing, fermentation, bottling, canning and blending of beer and Indian made foreign liquor.
