Parag Milk raises Rs 161 cr from ex-RARE CEO Sheth, promoters - India Retailing

Parag Milk raises Rs 161 cr from ex-RARE CEO Sheth, promoters - India Retailing

The FMCG company has raised the money through a preferential issue of 90 lakh convertible warrants which will translate into an equal number of paid-up equity shares on conversion Mumbai: Parag Milk Foods said it has raised Rs 161 crore fund from a clutch of investors, including promoter Shah family and Utpal Sheth, former chief executive officer of Rakesh Jhunjunwala’s RARE Enterprises. The fast moving consumer goods company has raised the mone…