Mumbai, Sept. 27 -- Elitecon International Limited, a global leader in the FMCG sector, is planning to raise Rs 300 crore by issuing equity shares through Qualified Institutional Placement (QIP), according to a statement issued by the company here today.
The funds raised will be invested in acquiring Sunbridge Agro Pvt. Ltd. and Landsmill Agro Pvt. Ltd., a major strategic move aimed at strengthening Elitecon International's FMCG portfolio and accelerating growth.
Elitecon has delivered exceptional financial performance in recent periods, further reinforcing the strength of its growth strategy. For FY25, the company reported consolidated net sales of Rs 548.76 crore and a net profit of Rs 69.65 crore. In Q1 FY26 alone, Elitecon Internation...