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IPO

Integrated food co KN Agri Resources to raise Rs.50-Cr

Business Line  

KN Agri Resources, an integrated, global agribusiness and food company, plans to raise INR 50 crore through an IPO and listing on the NSE SME Emerge platform. The company will issue 65,84,000 equity shares at a price band of INR 71-75 a share. KN Agri Resources will use the funds raised for meeting its working capital and general corporate purpose. The issue will be lead managed by Hem Securities and the registrar to the issue is Link Intime India.