Kesar Petroproducts has received an approval to raise funds up to Rs 12 crore. The board of director at its meeting held on December 04, 2014 has approved for the same. The above is however subject to the approval of the shareholders of the company under Section 62 of the Companies Act, 2013.
The company will raise funds by offering and issue of 24 lakh warrants carrying an option/entitlement to subscribe for equivalent number of equity shares of Rs 10 each at such price as may be determined as per SEBI Regulations, 2009 on preferential basis to persons other than promoters to meet long term and working capital requirements.
Kesar Petroproducts main objective is to manufacture Bisphenol-A (BPA) apart from dealing in all kinds of petroproducts.
Company Name | CMP |
---|---|
Tata Chemicals | 1061.65 |
SRF | 2266.60 |
Pidilite Inds. | 2990.00 |
Aarti Inds | 658.45 |
Gujarat Fluorochemic | 3262.70 |
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