Temptation Foods completes Rs 114 cr QIP issue
Temptation Foods (TFL), a fruits and vegetables processing firm, today said it has successfully closed its QIP issue for Rs 114 crore.
By PTI |
MUMBAI: Temptation Foods (TFL), a fruits and vegetables processing firm, today said it has successfully closed its QIP issue for Rs 114 crore.
The share issue was over-subscribed 1.58 times and received interest from international investors, the company said in a release here. TFL issued 7,600,000 shares at Rs 150 each.
Some of the key allottees are Citigroup Global Markets, Macquarie Bank, HSBC Financial Services, Morgan Stanley, Lehman Brothers, UBS Securities, Merrill Lynch and Wardferry, the release said.
Temptation Foods' Chairman Vinit Kumar said: "the closure of this QIP issue and the substantial demand for it from all over the world clearly shows that investors believe and support Temptation's growth plans. This is the first step towards making Temptation Foods a leading brand owning company in the foods space."
The issue was managed by Keynote Corporate Services Limited, while Cantor Fitzgerald acted as financial advisor.
The share issue was over-subscribed 1.58 times and received interest from international investors, the company said in a release here. TFL issued 7,600,000 shares at Rs 150 each.
Some of the key allottees are Citigroup Global Markets, Macquarie Bank, HSBC Financial Services, Morgan Stanley, Lehman Brothers, UBS Securities, Merrill Lynch and Wardferry, the release said.
Temptation Foods' Chairman Vinit Kumar said: "the closure of this QIP issue and the substantial demand for it from all over the world clearly shows that investors believe and support Temptation's growth plans. This is the first step towards making Temptation Foods a leading brand owning company in the foods space."
The issue was managed by Keynote Corporate Services Limited, while Cantor Fitzgerald acted as financial advisor.
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