8 months ago
3
FMCG institution Elitecon International Ltd, is readying to rise ₹300 crore by issuing equity shares done Qualified Institutional Placement (QIP).
The funds raised volition beryllium invested successful acquiring Sunbridge Agro Pvt. Ltd. and Landsmill Agro Pvt. Ltd., a determination aimed astatine strengthening the company’s portfolio and accelerating growth.
Tunbridge Agro Private Ltd operates an edible lipid refinery astatine Kandla with a capableness of 800 MT per time (MTPD), supported by retention infrastructure of 9,250 MT (being expanded to 15,000 MT) and an further 20,000 MT customs-bonded warehouse astatine Kandla Port.
The institution reported FY25 nett income of ₹1,443.32 crore and PAT of ₹34.36 crore.
Landsmill Agro Private Ltd operates a installation successful Mathura with a capableness of 235 MT per day, supported by retention infrastructure astatine Kandla Port.
The institution reported FY25 gross of ₹13,94.80 crore and a PAT of ₹25.43 crore.
Vipin Sharma, Managing Director of Elitecon International, said: “These strategical investments purpose to grow our marketplace beingness and leverage operational synergies. By adding standard and capabilities successful edible oils and household consumables, we are strengthening our FMCG portfolio portion creating semipermanent worth for shareholders.”
“With our robust show successful FY26 already surpassing past year’s achievements wrong a azygous quarter, Elitecon International is poised for an breathtaking signifier of accelerated growth,” helium added.
