Parag Milk Foods has planned to raise a total of Rs 316 crore by preferential allotment of equity shares, foreign currency convertible bonds (FCCBs) and other instruments from IFC and Sixth Sense Venture Advisors and promoters.
IFC and Sixth Sense Venture Advisors, will invest Rs 155 crore and Rs 50 crore, respectively. Promoter and family will further invest Rs 111 crore, maintaining the promoter stake at 46 per cent.
Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.
