NHC Foods Board Meeting Outcome
NHC Foods approved the constitution of committees for FCCBs and fund-raising. The board deferred the discussion on potential fundraising to a future meeting.
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NHC Foods approved the constitution of committees for FCCBs and fund-raising. The board deferred the discussion on potential fundraising to a future meeting.
NHC Foods Ltd approved a preferential issue of 25.6 crore warrants at Rs. 2.10 each, raising Rs. 53.76 Crore. The Board also announced a CFO change.
NHC Foods allotted 270 FCCBs worth $27 million (₹256.5 Crore) at a 1.5% coupon rate. The bonds mature in 2031, providing long-term capital infusion.
NHC Foods Limited provided an update on its pending regulatory approvals for FCCB issuance. The Board will finalize terms once necessary statutory approvals are received.