StockWatch
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Road Transport
Acquisitions9 Jul 2026, 08:50 pm

Desi Farms India Ltd Allots 1.07 Cr Shares for ₹144.67 Cr

AI Summary

Desi Farms India Ltd announced the allotment of 1,07,16,800 equity shares at a price of ₹135 per share, aggregating to ₹1,44,67,68,000. This preferential allotment, including a premium of ₹125 per share, was made to promoters and non-promoters. The allotment was executed on a share swap basis as consideration other than cash, in lieu of the acquisition of SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. The decision was approved by the Board and Securities Issue Committee on July 9, 2026, following a special resolution passed by shareholders in February 2026 and in-principal approval from BSE.

Key Highlights

  • Allotted 1.07 Cr equity shares at ₹135 each.
  • Total issue size is ₹144.67 Cr.
  • Allotment is on a preferential basis via share swap.
  • Consideration is for acquisition of SNA and DFSU.
  • 32 investors participated in the preferential issue.