NHC Foods launches ₹47.42 crore share issue to enhance capital and repay debts, following a lucrative Q2.

NHC Foods, a Mumbai-based exporter of agricultural commodities and spices, has announced a Rs. 47.42 crore rights issue to boost working capital and repay loans. The company will issue over 47 million shares at Re. 1 each to eligible shareholders starting December 5. NHC Foods also reported a strong Q2, with revenue up 60.14% and net profit surging 386%. The company plans to invest in technology and explore new international markets.

November 26, 2024
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