Desi Farms India Allots 2.11 Cr Shares for ₹284.95 Cr

Desi Farms India Ltd announced the allotment of 2,11,07,790 equity shares at a price of ₹135 per share, aggregating to ₹2,84,95,51,650. This preferential allotment was made to promoters and non-promoters for consideration other than cash, in lieu of the acquisition of SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. The allotment was approved by the Board and Securities Issue Committee and is in accordance with a special resolution passed by shareholders and in-principal approval from BSE Limited. The shares were issued on a fully diluted basis via a share swap.