Indian Business News

In the 2012-13 financial year, Kwality Dairy achieved a turnover of $605 million and is aiming for a growth of 20-25% in the current year. The company plans to raise $165 million through different methods, including equity, though no decisions have been finalized yet, according to Kwality’s Director, Sidhant Gupta . He added that introducing value-added products would help increase the company’s profit margins. Read More

  Kwality Limited announced on September 20, 2014, that it will issue 31,088,082 convertible warrants through a private placement. Each warrant can be converted into a common share of the company. Initially, the company will receive 25% of the payment upfront, with the rest being paid when the warrants are exercised. These warrants will expire 18 months after they are issued. The transaction will be done on a preferential basis and has already been approved by the company's board of directors. However, it still requires approval from the shareholders, which will be decided at an extraordinary general meeting on October 18, 2014. Read More