Karuturi Global, a flower exporter, is planning to raise Rs 300 crore through the preferential issue of approximately 24.15 crore warrants to the promoters and their Group and to certain strategic investors.
The Bangalore-based company which is among the top flower exporters and retailers in India, has a topline of Rs 440 crore and a net profit of Rs 124 crore for the fiscal ended March 2009.