Piccadily Agro Industries' Dual Listing Ushers in New Growth Era
Piccadily Agro Industries, a leading malt spirit producer in India, is set to dual list its shares on the National Stock Exchange and the BSE. This move is expected to enhance visibility and liquidity while boosting shareholder value. The company secured Rs 50 crore through fresh equity capital.
- Country:
- India
In a strategic move to bolster growth, Piccadily Agro Industries, a prominent player in the malt spirit sector, is listing its shares on the National Stock Exchange this Wednesday. Already listed on the BSE, the company's dual listing aims to enhance market visibility and liquidity.
Piccadily Agro Industries is recognized as the largest independent malt manufacturer and seller in India, proudly owning brands like Indri Single Malt and Camikara rum. This expansion is expected to provide improved accessibility for investors and enhance shareholder value through increased capital market exposure.
With its sights set on accelerated growth, the firm recently secured Rs 50 crore through fresh equity capital by converting warrants from non-promoter investors. Piccadily's shares have shown promise, closing at Rs 621.70 on the BSE, an 8.65% rise.
(With inputs from agencies.)
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