BSEDesi Farms India LtdHighNeutral
Announced Thu, 9 Jul · 20:36 IST

Allotment of 5% CCDs worth Rs 17.60 cr via share swap for acquisitions

Fund Raising View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Desi Farms India allotted 13,03,462 5% Compulsorily Convertible Debentures (CCDs) at Rs 135 each, totaling about Rs 17.60 crores, to 29 non-promoter investors on a preferential basis. The CCDs carry a face value of Rs 10 with a premium of Rs 125 per debenture. The allotment is for consideration other than cash, as part of a share swap to acquire SNA Milk and Milk Products and DFSU Farmer Connect. The issue follows shareholder approval from February 2026 and BSE in-principle approval dated June 24, 2026.

Likely market impact

Share-swap based acquisition funded via CCDs; no cash outflow but equity will dilute on conversion. 5% coupon is modest.