Candies seller Sampre Nutritions to raise Rs.355-Cr via FCCBs

Hyderabad-based health and confectionery products manufacturer Sampre Nutritions will raise INR 355 crore through the issue of 400 foreign currency convertible bonds (FCCBs) of USD 1,00,000 each.The new funds will be used for expanding the firm’s footprint to Egypt and Liberia.Founded in 1991 and promoted by the Gurbani Group, Sampre Nutritions is engaged in the manufacture of sugar confectionery, including eclairs, candies, toffees, powder and centre-filled products.