Sarveshwar Foods has successfully raised ₹150 crore through a rights issue, issuing 24.99 crore equity shares. The rights issue, which closed on Tuesday, was oversubscribed by 1.35 times, with a total subscription of 33.86 crore equity shares. The company announced the rights issue at a ratio of 12 equity shares for every 47 shares held as of the record date, August 22.
The allotment and listing of the new shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) are expected to be finalized before Friday. The funds generated will primarily be utilized to enhance working capital needs and for general corporate purposes.
Sarveshwar Foods is engaged in the manufacturing, trading, processing, and marketing of both basmati and non-basmati rice in domestic and international markets. Rohit Gupta, Chairman of Sarveshwar Foods, emphasized that the company’s shareholders have consistently been a significant source of strength, their trust fueling ongoing achievements.
Bigshare Services served as the registrar for the issue, while Kotak Mahindra Bank and KRA & Co acted as the banker and statutory auditor, respectively.
The article was published on September 17, 2025.
