NHC Foods Ltd ‘s Rs.47.42 Crore Rights Issue Opens For Subscription on December 5, 2024
Live MintValsad, December 9: Rs.47.42 crore Right Issue of NHC Foods Ltd engaged in trading of a diverse range of food products, including spices, food grains, oil seeds, pulses, dry fruits, and other agro-commodities open for subscription from December 5, 2024. Investors may also buy NHC Rights Entitlements from BSE to participate/subscribe in the company's right issue at ₹. 211.30 crore in FY24 The funds raised through the right issue will be utilised to meet the working capital requirement, to make the repayment of the Secured Loan and for General Corporate Purposes. 47.42 Crores, the company intends to use Rs.25 crore towards working capital requirements, Rs.15 crore to make the repayment of Secured Loans and Rs.7 crore for general corporate purposes.
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