By Bl Mumbai Bureau

Copyright thehindubusinessline

Sarveshwar Foods has raised ₹150 crore through a rights issue and issued 24.99 crore equity shares.

The issue, which closed on Tuesday, was oversubscribed 1.35 times, having received subscription of 33.86 crore equity shares. The company announced the rights issue in the ratio of 12 rights equity shares for every 47 equity shares held as on the record date of August 22.

The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed before Friday. The funds raised will be used to augment working capital requirements and for general corporate purposes.

The company is in the business of manufacturing, trading, processing and marketing basmati and non-basmati rice in the domestic and international markets.

Rohit Gupta, Chairman, Sarveshwar Foods, said the company’s shareholders have always been its biggest source of strength and their trust has consistently spurred them on to achieve more.

Bigshare Services was the registrar to the issue, while Kotak Mahindra Bank and KRA & Co were the banker and statutory auditor to the company.

Published on September 17, 2025