Hatsun to raise ₹700 cr. for expansion

Dairy product maker Hatsun Agro Product Ltd., plans to raise ₹700 crore through private placement of equity shares by way of qualified institutional placement for its expansion plans.On Wednesday, the

Dairy product maker Hatsun Agro Product Ltd., plans to raise ₹700 crore through private placement of equity shares by way of qualified institutional placement for its expansion plans. On Wednesday, the board also approved a proposal for increasing the company’s borrowing limit from ₹1,500 crore to ₹1,800 crore, it said in a regulatory filing. Hatsun is in the process of increasing the capacity of its milk and milk-products plant in Solapur by 50,000 litres per day to produce lassi and butter milk and this expansion is likely to be completed by end of September.