StockWatch
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Road Transport
Acquisitions7 Jul 2026, 08:10 pm

Desi Farms Allots 36.56 Lakh CCDs worth ₹49.36 Cr

AI Summary

Desi Farms India Ltd has allotted 36,56,494 5% Compulsorily Convertible Debentures (CCDs) at a price of ₹135 per CCD, including a premium of ₹125. The total value of this preferential allotment aggregates to ₹49,36,26,690. This issuance was approved by the Board and Securities Issue Committee on July 7, 2026, following a special resolution passed by shareholders on February 20, 2026. The CCDs were allotted to 117 Promoters and Non-Promoters on a preferential basis. This allotment is part of a non-cash consideration for the acquisition of SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited through a share swap arrangement.

Key Highlights

  • Desi Farms allotted 36.56 lakh 5% CCDs via preferential issue.
  • The total value of the allotment is ₹49.36 crore.
  • CCDs were issued at ₹135 each, including ₹125 premium.
  • Allotment is part of a share swap for acquiring SNA and DFSU.
  • 117 investors, including promoters, participated in the allotment.