Promoters Reaffirm Commitment with 316.62 Crore Subscription in Ongoing Rights Issue of Himalaya Food International Ltd

Himalaya Food International Ltd. is pleased to inform that the promoters have reaffirmed their long-term commitment to the Company's growth and revival strategy by subscribing to approximately 166,221,900 (Sixteen Crore Sixty-Two Lakh Twenty-One Thousand Nine Hundred Rupees) worth of shares in the ongoing Rights Issue, priced at Rs. 13.80 per equity share in the ratio of 1:2. This includes conversion of Rs. 15 Crore, earlier infused by promoters as unsecured loans towards the successful payment of the Company's One-Time Settlement (OTS) dues to banks, into equity under the current Rights Issue.

Promoter participation reflects strong belief in the Company's fundamentals and future growth prospects. The capital raised will help accelerate Himalaya Food's path to becoming debt-free and expanding its value-added food processing business.

The Company appreciates the continued support of all its stakeholders and reiterates its commitment to transparency, growth, and long-term value creation.

Shares of Himalaya Food International Ltd was last trading in BSE at Rs. 14.52 as compared to the previous close of Rs. 14.57. The total number of shares traded during the day was 77740 in over 375 trades.

The stock hit an intraday high of Rs. 14.84 and intraday low of 14.35. The net turnover during the day was Rs. 1133940.00.

Source : Equity Bulls

Keywords

HimalayaFoodInternational INE552B01010 FundRaising RightsIssue PromotersCommitment Reaffirmed