Allotted 36.56 lakh 5% CCDs at Rs 135 via share swap for acquisition

Desi Farms India (formerly SER Industries) allotted 36,56,494 Compulsorily Convertible Debentures at 5% coupon, priced at Rs. 135 each (face value Rs. 10, premium Rs. 125), totaling about Rs. 49.36 crores, to 117 allottees on a preferential basis. The CCDs were issued for consideration other than cash through a share swap to acquire SNA Milk and Milk Products and DFSU Farmer Connect. Allottees include promoter Anil Kumar (1.2 lakh CCDs) and 116 non-promoters.