Alteria Capital Infuses Rs 70 Cr Debt In Country Delight
This is the second debt allocation from the investor in the Gurugram-based firm in 2024
Dairy company Country Delight raised Rs 70 crore (USD 8.45 million) in debt from Alteria Capital, according to media reports. Country Delight issued 7,000 non-convertible debentures (NCDs) at an issue price of Rs 1,00,000 each to raise Rs 70 crore (USD 8.45 million), as per its regulatory filing to the Registrar of Companies (RoC).
According to media reports, this is the second debt allocation from the investor in the Gurugram-based firm in 2024. In May, Country Delight raised Rs 76 crore (USD 9 million) through debt and equity from Alteria Capital. Before that, it got USD 20 million as a part of the Series E round in January this year.
According to media reports, the firm is yet to report FY23 and FY24 numbers officially. However, Country Delight’s operating revenue stood at Rs 650 crore in the first half of the last financial year (FY24). Its competitors are Akshayakalpa, Milk Mantra, Sid’s Farm, and Otipy, among others, as per media reports.
