Board Approves Major Distillery Expansion and $100 Million Fundraise
Davangere Sugar Company Limited · DAVANGERE · NSE ·
The Board has approved a plan to raise funds up to **$100 Million** through Foreign Currency Convertible Bonds (FCCB) or other securities. A significant distillery capacity expansion has been approved, increasing production by over **130%** from 65 KLPD to **150 KLPD**. The expan…