Kwality India witnessed a rise in share price on Wednesday after the company has received capital commitment of up to Rs 5.20 billion though structured finance from KKR India, one of the biggest PE fund, to fuel its aggressive growth plans as the company continues to rapidly shift its business model towards B2C/retail segment. ICICI Securities PD is the financial advisor to the transaction.

The proceeds shall be utilized to fund capex to further strengthen milk procurement infrastructure solely for high-margin Value-Added Product categories including Cheese, Paneer, Table Butters, Tetra-Packs, flavoured milk and yoghurt among others.

The company intends to roll out a series of such products in the near future. Additionally, funds will be deployed for part repayment of debt to improve cash flows and augment brand building activities.

Shares of Kwality  are trading at Rs 116.70, up Rs 5.45, or 4.90%  at the Bombay Stock Exchange (BSE) on Wednesday at 10:04 a.m.

The scrip has touched an intra-day high of Rs 117.90 and low of Rs 114.50. The total volume of shares traded at the BSE is 337,643.

Total volume of shares traded on the bourses today was higher by 107.97% to 1,733,126 compared with 22-day average volume of 833,365.