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Monday, March 21, 2011

Tricom Fruit Products to raise Rs 70 crore through issue of equity shares


Tricom Fruit Products has received its borad’s approval for raising of funds to the extent of Rs 70 crore through issue of equity shares of the company, and has appointed merchant bankers for the same.
The board has further approved increasing the authorised share capital of the company to Rs 25 crore divided into 2,50,00,000 equity shares of Rs 10 each from the existing Rs 17,50,00,000 divided into 1,75,00,000 equity shares of Rs 10 each.
Tricom Fruit Products is engaged in the processing of wide range of fruits encompassing Mango, Pomegranate, Guava, Papaya, Tomato and Gooseberry (Amla). Supplied in the form of pulp, puree, juice, concentrate they are exclusively customised and processed as aseptic or, frozen based on the customer's requirement.

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