Hindustan Foods Limited informed the exchange that it had Rupees Forty Three crore, by way of subscription to Rights Issue of 4,30,00,000 (Four Crore Thirty Lakhs Only) Equity Shares of Rs. 10/- (Rupees Ten Only) each, at par, in the KNS Shoetech Private Limited
KNS Shoetech Private Limited, a wholly owned subsidiary Hindustan Foods Limited, manufactures sports shoes and sneakers.
Hindustan Foods has previously been a contract manufacturing partner for leading Indian and international shoe brands.