Hindustan Foods Limited announced that it expects to receive INR 999.999468 million in funding from Sixth Sense Ventures Advisors LLP, Malabar Investments, LLC, Infinity Investment Management, Investment Arm, Infinity Holdings Sidecar I, Bay Capital Holdings Ltd and another investor
September 21, 2023
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Hindustan Foods Limited announced a private placement to issue 5,675,054 Convertible Warrants to Qualified Institutional Buyers at an price of INR 136.5625 for the gross proceeds of INR 774,999,561.875 and 1,596,027 Convertible Warrants to Non QIB Allottees at an issue price of INR 140.975 for the gross proceeds of INR 224,999,906.325 aggregate gross proceeds of INR 999,999,468.2 on September 22, 2023. The transaction will include participation from new investors Infinity Holdings for 1,464,530 warrants, Infinity Holding Sidecar I for 1,464,530 warrants, Malabar Select Fund for 915,331 warrants, Sixth Sense India Opportunities III for 1,830,663 warrants, Bay Capital Holdings Limited for 1,064,018 warrants and individual investor Vanaja Sundar Iyer for 532,009 warrants. The transaction has been approved by the shareholders of the company and is subject to general shareholders to be held on October 20, 2023.
Hindustan Foods Limited is an India-based company that is primarily engaged in the business of contract manufacturing of fast-moving consumer goods (FMCG) products comprising primarily of home care, personal care, foods, and refreshments, packing of tea and job working of shoes. Its product categories include food and beverages, home care, beauty and personal care, health and wellness, pest control, and leather, sportswear, and accessories. Its food and beverages include breakfast cereals and snacks, spices, instant porridges, carbonated soft drinks, active water, and energy drinks, among others. Its home care includes surface cleaner, glass cleaner, toilet cleaner, liquid detergent, and powder detergent, among others. Its beauty and personal care include hair care, toiletries, skin care and baby care. Its health and wellness consist of oral liquids, allopathic tablets, digestive remedies, and others. Its pest control consists of aerosols, coils, and mosquito mats, among others.
Hindustan Foods Limited announced that it expects to receive INR 999.999468 million in funding from Sixth Sense Ventures Advisors LLP, Malabar Investments, LLC, Infinity Investment Management, Investment Arm, Infinity Holdings Sidecar I, Bay Capital Holdings Ltd and another investor
HINDUSTAN FOODS LIMITED 
