Parag Milk Foods has raised a total of Rs 131 crore through preferential allotment from marquee investors and promoters. Investors have put in around Rs 113 crore, demonstrating their trust in the company's ethos, values as well as a promising growth strategy. In addition, the promoters will also invest Rs 18.75 crore. This fund raise comes at an opportune time to enable the company to meet its expanded working capital need to capitalize on demand potential and pave the way for a profitable business ahead.
Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.
