Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Sarveshwar Foods Ltd. ( (IN:SARVESHWAR) ) has issued an update.
Sarveshwar Foods Limited announced the successful closure of its rights issue, which was oversubscribed by 1.35 times, raising ₹149.95 crore. The funds will be used to augment working capital and for general corporate purposes, reflecting strong shareholder confidence and enhancing the company’s financial position.
More about Sarveshwar Foods Ltd.
Sarveshwar Foods Limited (SFL) is a certified company engaged in the manufacturing, trading, processing, and marketing of branded and un-branded basmati and non-basmati rice in domestic and international markets. Based in Jammu & Kashmir and Gujarat, SFL has a legacy of over 130 years, focusing on sustainable and eco-friendly practices. The company also offers a range of organic products under the ‘NIMBARK’ brand and sells through conventional channels, its own retail outlets, and online platforms.
Average Trading Volume: 1,029,916
Technical Sentiment Signal: Buy
Current Market Cap: 9.44B INR
Find detailed analytics on SARVESHWAR stock on TipRanks’ Stock Analysis page.