MoneyWorks4Me

Som Distilleries & Breweries to raise Rs 350 crore through QIP

07 Sep 2023 Evaluate

Som Distilleries & Breweries is planning to raise funds through issuance of securities of the Company by way of Qualified Institutional Placement (QIP) and other permissible modes for an amount not exceeding Rs 350 crore subject to approval of Members at the ensuing Annual General Meeting. The meeting of the board of directors of the company scheduled to be held on September 27, 2023 to consider the same.

Som Distilleries & Breweries is engaged in the business of brewing, fermentation, bottling, canning and blending of beer and Indian made foreign liquor.

Peers
Company Name CMP
United Spirits 1411.20
United Breweries 1217.60
Radico Khaitan 4483.95
India Glycols 297.25
Allied Blenders&Dist 722.80
View more..