White Organic Agro plans to raise Rs 35cr for business expansion

White Organic Agro Limited plans to immediately raise funds of up to INR 35 crore for the expansion of its business related to organic farming and allied activities and food grains.

In this connection, the Mumbai-based company has called for a meeting for its board of directors on 25 June 2021.

White Organic Agro Limited said that the capital raised will be used for existing business operations and its expansion cum growth module.

White Organic Agro plans to raise Rs 35cr for business expansion. Photo courtesy of Free stock photos from www.rupixen.com from Pixabay.

The fund raising will be done through a mix of equity shares or warrants or debt instruments, as per pre-requisite of shareholders approval, SEBI and BSE rules and regulations and other statutory approvals, if necessary.

Earlier this week, White Organic Agro Limited said that it is set to bag a food grains supply order worth INR 90 crore. This adds to the company’s last month’s food grain contract worth INR 110 crore.