Annapurna Swadisht Limited informed the exchange that they had successfully completed the fund raise of Rs.14,999.52 Lakhs from Qualified Institutional Buyers (QIBs) by issuing 36,30,000 equity shares, at an issue price of Rs. 413.21 per share.
The fund raise was to help finance their recent acquisition of Madhur Confectionaries. The Acquisition was priced at 180 Crore. The balance was made up from internal accruals.
Bofa Securities, Hdfc Bank, Nova Global Opportunities Fund and Zeal Global Funds were some of the marquee investors who participated in this fund raise.