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Parag Milk Foods Ltd. ( (IN:PARAGMILK) ) just unveiled an announcement.
Parag Milk Foods Ltd. announced the conversion of 10,680 Foreign Currency Convertible Bonds (FCCBs) into equity shares by the International Finance Corporation (IFC). This conversion results in the issuance of 57,33,713 fully paid-up equity shares, increasing the company’s total equity shares to 12,51,09,554. The conversion marks a significant financial restructuring for Parag Milk Foods, eliminating its outstanding FCCBs and potentially enhancing its equity base and market positioning.
More about Parag Milk Foods Ltd.
Parag Milk Foods Ltd. operates in the dairy industry, focusing on the production and distribution of a wide range of dairy products. The company is known for its emphasis on quality and innovation in the dairy sector, catering to both domestic and international markets.
Average Trading Volume: 140,589
Technical Sentiment Signal: Buy
Current Market Cap: 32.13B INR
Learn more about PARAGMILK stock on TipRanks’ Stock Analysis page.