Corporate News
Sakuma Exports Limited is undertaking a preferential issue of up to 65 million shares at a price of Rs 1.66 per share, potentially raising up to Rs 107.90 crore. The company is offering the shares to nine select investors, including Al Malaki Foodstuff Trading LLC and Denvor Capital, in a move intended to raise capital and bring in strategic expertise. The issuance will result in a significant dilution of the promoter group’s stake, decreasing their ownership from 46.29% to 32.72%, while increasing the public shareholding to 67.28%. The transaction is being conducted in compliance with Indian Companies (Share Capital and Debenture) Rules, 2014, and the Securities and Exchange Board of India (ICDR) Regulations, and a certificate of compliance has been issued by M/s Rajeev Bhambri & Associates.