Parag Milk Foods Ltd announced a private placement to issue 9,000,000 convertible warrants at an issue price of INR 44.775 per warrant for gross proceeds of INR 402,975,000 on April 2, 2025. The transaction will include participation from new investors and returning investors Utpal Hemendra Sheth 1,300,000 warrants, Rajesh Kabra 44,000 warrants, Vishesh Jailesh Dalal 56,000 warrants, Trishakti Power Holdings Pvt. Ltd. 1,400,000 warrants, Ankit Jain 200,000 warrants, Devendra Shah 3,000,000 warrants and Pritam Shah Promoter 30,00,000 The transaction has been approved by shareholders and is subject to general shareholders to be held on May 3, 2025.
Parag Milk Foods Limited announced that it expects to receive INR 402.975 million in funding from Trishakti Industries Limited and other investors
Published on 04/02/2025
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