Dairy-FMCG company, Parag Milk Foods Ltd., plans to raise ₹ 316 crore through preferential issue of equity shares, convertible warrants and foreign currency convertible bonds (FCCBs). The International Finance Corporation (IFC) has proposed to invest up to Rs 155 crore in equity shares and FCCB. LLP, an advisor to Sixth Sensex Venture, has proposed to invest Adv 50 crore in equity. The company said that the promoters will invest ₹ 111 crore through preferential allotment.
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