Sampre Nutritions Plans Fundraising for Growth and Expansion

Sampre Nutritions Ltd (BSE: 530617), a leading confectionery manufacturer, has proposed a fund-raising initiative through various modes such as a preferential issue.

- TBG NETWORK

Communicated earlier this year to BSE, the company is likely to hold a Board of Directors meeting in the near future for the shareholders to consider and approve plans for raising funds via the issuance of eligible securities.

The proposed capital raise may involve the issuance of eligible securities of the company, in one or more ways, through public and/or private offerings, including by way of a preferential issue, qualified institutions placement, and/or further public offering, subject to such approvals as may be required, including approval from the shareholders of the company.