Aditya Birla Chemicals gets shareholders’ approval to raise up to Rs 1,200 crore

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.