Acewin Agriteck eyes to raise Rs 300 crore

Acewin Agriteck Ltd is planning to raise nearly Rs 300 crore through equity or debt or a mix of both to fund an integrated project for aquaculture and agriculture farming and processing.

A listed company that is into software and aqua culture trading, Acewin Agriteck has planned the project on nearly 300 acres at Ponneri on the northern outskirts of Chennai.

The facility will have freshwater fish; prawn farming and processing; fruits and vegetable farming; poultry and goat farming and dairy farming.

According to Jesudas Premkumar, Managing Director, Acewin Agriteck, the project is expected to be launched next year.
The company reported revenue of nearly Rs 22 crore last financial year. Currently, the promoters hold nearly 70 per cent of shares in the company, and the balance is with the public.

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Research Desk

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