Announced Sat, 4 Jul · 18:58 IST
Allotment of 28.06 lakh CCPS for SNA Milk acquisition
Fund Raising View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Desi Farms India allotted 28,06,200 3 percent Compulsorily Convertible Non-Cumulative Preference Shares at Rs. 135 each (face value Rs. 10, premium Rs. 125), totaling about Rs. 37.88 crore. The preferential allotment went to 152 allottees, who are shareholders of SNA Milk and Milk Products Limited, as consideration other than cash for acquiring SNA on a fully diluted share swap basis. EGM approval was secured on February 20, 2026.
Likely market impact
Future dilution for existing shareholders once CCPS convert to equity. Acquisition adds SNA Milk business to the company.