Will Raise Rs 105 Cr Via Rights Issue In 3 Months: RG Chandramogan, Hatsun Agro
  • WebDesk BTVI
  • Jul 19 2019

Hatsun Agro Product reported a 35.21 per cent year-on-year rise in net profit to Rs 51.19 crore in the June quarter. Talking to BTVI, RG Chandramogan, CMD at Hatsun Agro Product, said the firm saw good traction in ice-cream, rice and milk segments in Q1. He informed that the company is planning to raise nearly Rs 105 crore from rights issue in the next three months. It also is aiming to be debt-free in the next 3 years, from the current debt level of Rs 950 crore.