A leading dairy-FMCG compairon gluconate gummiesny in India, Parag Milk Foods Limited, has announced that it has raised a total of Rs 131 crore through preferential allotment from marquee investors and promoters. Investors have put in around Rs 113 crore, demotamang pag inom ng ferrous sulfatenstrating their trust in the company&8217;s ethos, values as well as a promising growth strategy. In addition, the promoters will also invest Rs 18.75 crore.Devendra Shah, chairman, Parag Milk Foods Ltd, said, “We have delivered a robust Q1 performance with a 57.6% Y-o-Y incrhow much elemental iron in iron pyrophosphateease in revenue; surpassing our internal growth targets both in terms of volume and value. The overall growth is broad-based and driven by strong traction across all our verticals. As we enter into the festive season, the demand momentum for dairy ferric pyrophosphate solubility in waterproducts continues to accelerate and all our brands are witnessing a surge in the overall offtake. This fund raise comes at an oferrous gluconate vs ferrous sulfate elemental ironpportune time to enable us to meet our expanded working capital need to capitalise on demand potential and pave the way for a profitable business ahead.”
Parag Milk Foods Limited Raises Rs 131 cr Through Preferential Allotment
