Elitecon Plans ₹300 Cr QIP to Acquire Agro Firms

Elitecon International, a big food company, is planning to raise ₹300 crore by selling shares to investors.

They will use this money to buy two other companies: Sunbridge Agro and Landsmill Agro.

Sunbridge Agro makes edible oil and has storage facilities.

Landsmill Agro sells edible oil to large companies.

Elitecon hopes these purchases will help them grow their business.

In Q1 FY26, Elitecon's sales and profits have already exceeded the previous year's.

The company expects significant growth in the coming years, with projected increases in both sales and profits for the acquired companies.