BSEDesi Farms India LtdHighNeutral
Announced Thu, 9 Jul · 20:42 IST
Allotted 1.07 cr shares on preferential basis 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 1,07,16,800 equity shares at Rs.135 per share (Rs.10 face value, Rs.125 premium), totaling Rs.144.68 crores, on a preferential basis to 32 investors. The shares are issued for non-cash consideration to acquire SNA Milk and Milk Products and DFSU Farmer Connect Private Limited via share swap. MD Sunil Kumar Shahi received 63 lakh shares; NAV Capital Emerging Star Fund received 15.87 lakh shares.
Likely market impact
Dilution for existing holders; expansion via dairy and agri-tech acquisitions funded entirely through share swap, no cash outflow for the company.