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Balrampur Chini Mills’ associate company to raise funds

14 Jun 2023 Evaluate

Balrampur Chini Mills’ associate company -- Auxilo Finserve (Auxilo) has entered into share subscription agreement with ICICI Bank, Tata Capital Growth Fund II, and Trifecta Leaders Fund -I and a consequent amended and restated shareholders’ agreement with Balrampur Chini Mills, Elme Advisors LLP and the investors to raise capital for an aggregate amount of approximately Rs 356 crore (Investment Amount) by issuance of equity shares and compulsorily convertible preference shares of the Company to the Investors. The Investment Amount shall be invested by the Investors in two tranches, subject to the terms and conditions set out in the Transaction Documents, and shall be utilised by the Company for its operations and general corporate purposes. 

Balrampur Chini Mills is one of the largest integrated sugar manufacturers in India. Its business portfolio consists of manufacturing and marketing of sugar, ethyl alcohol, ethanol, generation and selling of power and also manufacturing and marketing of organic manure.

Balrampur Chini Mill Share Price

486.00 2.80 (0.58%)
17-Apr-2026 16:59 View Price Chart
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