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Sakuma Exports gets nod to raise up to Rs 800 crore

14 Sep 2018 Evaluate

Sakuma Exports has received an approval for raising funds by issue of equity shares, as may be permitted, by way of a qualified institutions placement (QIP)/ Foreign portfolio Investment (FPI) or any other placement for an aggregate amount not exceeding Rs 800 crore. The Board of Directors of the company at their meeting held on September 14, 2018, have considered and approved the same.

Sakuma Exports is engaged in exports of commodities, such as sugar, rice, maize, sesame seeds, ground nuts, pulses, oil meal and raw cotton, among others.

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