Captain Fresh to raise Rs 1,700 crore through fresh issue of shares in IPO

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Business-to-business (B2B) packaged seafood company Captain Fresh is set to raise Rs 1,700 crore (about $200 million) through a fresh issue of shares through its upcoming initial public offering (IPO).

The company’s board gave approval last week to issue equity shares worth Rs 1,700 crore in the IPO, according to filings made by the company at the Registrar of Companies (ROC).

The development comes a month after Captain Fresh’s board approved a resolution to change its status to a public company ahead of the IPO and rename it to ‘Infifresh Foods…



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Captain Fresh to raise Rs 1,700 crore through fresh issue of shares in IPO



Business-to-business (B2B) packaged seafood company Captain Fresh is set to raise Rs 1,700 crore (about $200 million) through a fresh issue of shares through its upcoming initial public offering (IPO).

The company’s board gave approval last week to issue equity shares worth Rs 1,700 crore in the IPO, according to filings made by the company at the Registrar of Companies (ROC).

The development comes a month after Captain Fresh’s board approved a resolution to change its status to a public company ahead of the IPO and rename it to ‘Infifresh Foods…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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