Tricom Fruit Products Ltd announced that it has received INR 255.53 million in funding.
On the same date, the board of directors approved the transaction.
On November 10, 2012, the company announced that the shareholders of the company approved the transaction.
On January 3, 2013, Tricom Fruit Products Ltd closed the transaction. The company issued 3,901,000 pre paid warrants at INR 36 per warrant and 6,084,000 equity shares in the transaction for gross proceeds of INR 254,133,000. On the same day, the board approved the transaction. Out of total shares issued, 4,519,200 shares have hold period till January 2, 2014 and 1,564,800 shares have hold period till January 2, 2016.