Aditya Birla Chemicals (India) has received shareholders' approval to raise up to Rs 1,200 crore through private placement. The company will raise funds through issue of redeemable Non-Convertible Debentures (NCDs) on private placement basis for up to Rs 1,200 crore.
Aditya Birla Chemicals is a leading manufacturer of bulk and specialty chemicals and viscose filament yarn. The business is spread across multiple manufacturing locations in four countries - India, Thailand, Germany and China.
