Mumbai:  Pursuant to its board of directors meeting held on 8 February, SVP Global Ventures Ltd, one of the largest compact cotton yarn manufacturers in the world has considered and declared an interim dividend of 5 paise per equity share of face value of Rs 1/- each representing 5% of paid up capital for the financial year 2020-2021. Additionally, the company has declared an interim dividend of 50 paise per preference share to preference shareholders who hold 5% redeemable preference shares of face value of Rs 10 each.

Recently the company announced its intension to raised Rs 235 Crs through the issue of 2,23,80,952 Convertible Equity Warrants at an issue price of Rs 105 per equity share to its parent company, Shri Vallabh Pittie Ventures Private Ltd. The objective of the fund raise was to strengthen the capital structure of the company. The company reported a 210% increase in its QoQ Consolidated PAT and 55% increase in its EBITA in its Q3FY21 results.

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