Hindustan Foods has invested Rs 43 crore by way of subscription to Rights Issue of 4,30,00,000 Equity Shares of Rs 10 each at par in the KNS Shoetech, the Wholly Owned Subsidiary of the company. The company’s shareholding post this investment remains at 100%.
Hindustan Foods specializes in setting up one-stop contract manufacturing solutions and the ability to consistently deliver quality products.