Archive · 17 Sep 2025
Sarveshwar Foods Raises ₹150 Crore via Rights Issue
Sarveshwar Foods, a rice company, successfully raised money by offering new shares to existing shareholders.
This is called a rights issue.
The issue was popular; investors wanted more shares than available.
The company will use the money to help its business and for general purposes.
The rights issue closed on Tuesday.
The allotment and listing are expected before Friday.
Bigshare Services was the registrar for the issue.
Sarveshwar Foods raised ₹150 crore through a rights issue.
The rights issue was oversubscribed 1.35 times.
The company issued 24.99 crore equity shares.
The issue closed on Tuesday.
Funds will be used for working capital and general corporate purposes.
- Who
- Sarveshwar Foods
- What
- Raised ₹150 crore through a rights issue.
- When
- The issue closed on Tuesday.
- Where
- Domestic and international markets.
- Why
- To augment working capital and for general corporate purposes.
- Amount Raised
- ₹150 crore
- Shares Issued
- 24.99 crore equity shares
- Issue Oversubscribed
- 1.35 times
- Rights Issue Ratio
- 12 shares for every 47 held
- Record Date
- August 22
- Use of Funds
- Augment working capital and general corporate purposes
- Registrar
- Bigshare Services