MoneyWorks4Me

NHC Foods to mop-up Rs 25 crore via QIP routes

20 Feb 2013 Evaluate

NHC Foods is planning to mop-up Rs 25 crore through qualified institutional placements (QIPs) in March 2013. The company will use the raised fund to meet the working requirement for its proposed expansion plans.

NHC Foods (formerly known as Midpoint Software & Electro Systems), is a government recognized star export house. The company is active in the manufacture and export of spice products viz. Seed, Grounded and Blended.

Peers
Company Name CMP
Nestle India 1353.15
Varun Beverages 432.00
Britannia Industries 4930.00
LT Foods 424.20
Hatsun Agro Product 1136.45
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