Upon completion of the entitlement offer, F&N is expected to hold a 19.99% shareholding in Comvita.
Fraser and Neave is investing in a New Zealand manuka honey business by chipping in some NZ$20.1 million ($15 mil) in a round of equity raising.
New Zealand-listed Comvita plans to raise additional equity of some NZ$30 million by issuing new shares to existing shareholders at 65 NZ cents per share.
