My assumptions on the diluted equity capital was a bit off…
28.2 lakh shares are to be issued…
Post amalgamation of Pinnae Feeds, the equity capital will increase to 4.14 crore shares from the current 3.86 crore shares…
Promoters stake to increase from current 52.5% to 55.7%…
Debt of Pinnae Foods was Rs. 46.8 crore (including term loans as well as working capital) as of March 31, 2015…
Company has posted a new presentation on merger… It is available in BSE website…
- Expansion undertaken in 2 phases; Phase I which was completed in FY15 comprised capacity of 40,000 MTPA and Phase II which was completed in FY16 comprised the balance capacity of 35,000 MTPA
- Commenced commercial operation in H2FY14; supplied 6,062 MTPA of feeds to TWL during FY15
- Post completion of Phase II – Capacity of 75,000 MTPA is now fully operational
- Aims to supply ~15,000 M.T. of feeds to TWL during FY16
Capacity tripling on nil cash outflow… 
Another key point to note was this: Expansion could not be undertaken within TWL due to restrictions placed by one of its bankers…
Note: Have vested interest…
| Subscribe To Our Free Newsletter |
