08.18.06
Radico Khaitan to raise Rs 92 cr via CCC pref shares
Radico Khaitan to raise Rs 92 cr via CCC pref shares
MUMBAI: Leading liquor manufacturer Radico Khaitan on Monday said it will raise around Rs 92 crore through the issue of 57.68 lakh cumulative compulsorily convertible preference shares (CCCPS) to affiliates of Ruane, Cunniff and Goldfarb Inc, a US-based foreign institutional investor. The shareholders at the EGM held recently approved the proposal for the issue of CCCPSs of Rs 100 each at a premium of Rs 59.50 per share.