Desi Farms India Allots ₹17.6 Cr in 5% Convertible Debentures

Desi Farms India Ltd announced the allotment of 13,03,462 Compulsorily Convertible Debentures (CCDs) with a 5% coupon rate. The allotment, priced at ₹135 per CCD (including a ₹125 premium), aggregates to ₹17,59,67,370. This issuance was made on a preferential basis to promoters and non-promoters, including shareholders of SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. The allotment is in consideration for the acquisition of SNA and DFSU through a share swap, approved by shareholders in an EGM and in-principle approved by BSE.