FMCG company Elitecon International Ltd, is planning to raise ₹300 crore by issuing equity shares through Qualified Institutional Placement (QIP).
The funds raised will be invested in acquiring Sunbridge Agro Pvt. Ltd. and Landsmill Agro Pvt. Ltd., a move aimed at strengthening the company’s portfolio and accelerating growth.
Tunbridge Agro Private Ltdoperates an edible oil refinery at Kandla with a capacity of 800 MT per day (MTPD), supported by storage infrastructure of 9,250 MT (being expanded to 15,000 MT) and an additional 20,000 MT customs-bonded warehouse at Kandla Port.
The company reported FY25 net sales of ₹1,443.32 crore and PAT of ₹34.36 crore.
Landsmill Agro Private Ltd operates a facility in Mathura with a capacity of 235 MT per day, supported by storage infrastructure at Kandla Port.
The company reported FY25 revenue of ₹13,94.80 crore and a PAT of ₹25.43 crore.
Vipin Sharma, Managing Director of Elitecon International, said: “These strategic investments aim to expand our market presence and leverage operational synergies. By adding scale and capabilities in edible oils and household consumables, we are strengthening our FMCG portfolio while creating long-term value for shareholders.”
“With our robust performance in FY26 already surpassing last year’s achievements within a single quarter, Elitecon International is poised for an exciting phase of accelerated growth,” he added.
Published – September 25, 2025 10:39 pm IST
