Mumbai, July 7 -- This preferential issue is subject to necessary approvals, including from the company's shareholders.

The company stated that the proposed issue will bring on board high quality and marquee shareholders of scale and repute.

The funds from this issue, if approved, will help the company to set up 5,000 MTPA green field plant of freeze-dried coffee and capture volume share in the premium coffee segment.

The company expects to increase spray dried and agglomerated coffee capacity up to 11,000 MTPA by 31 March 2026 from current capacity of 6,500 MTPA.

The freeze-dried coffee plant of approximately 5,000 MTPA would be additional to the 11,000 MTPA capacity for the spray dried and agglomerated segment.

Balakrishna Tati, ch...