Edible oil firm, KS Oils is all set to raise funds worth Rs 450 crore by issuing shares and convertible warrants to investors including New Silk Route, Citigroup Venture Capital (CVC) and Baring Private Equity Partners.

Silk Route, CVC and Baring are expected to pump around Rs 135 crore and Rs 49 crore each through subscription of preferential equity shares and convertible warrants. The oil firm would also issue GDR to raise funds worth Rs 60 crore.

New Silk Route, a leading Asia-centric growth capital firm founded in 2006, has been working in Indian subcontinent and growing economies in Asia and the Middle East.

KS Oils, famous for its mustard oil brands such as Kalash, Double Sher and KS Gold, will use funds to carry out its expansion plans of Haldia refinery, investing Rs 75 crore. The firm has manufacturing plants across India, Malaysia, Indonesia and Singapore and is trying to increase its presence in other Asian countries.

The firm reported 53.8% increase in net sales for the financial year ended March 31, 2009. Its shares surged 3.19% at the Bombay Stock Exchange (BSE) on Tuesday at 11:49 a.m.