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Parag Milk Foods plans to raise Rs 316 crore from IFC, Sixth Sense Venture Advisors, promoters

05 Apr 2021 Evaluate

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.

Peers
Company Name CMP
Nestle India 1321.05
Varun Beverages 440.65
Britannia Industries 4783.80
LT Foods 417.85
Hatsun Agro Product 1147.50
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