Deepak Nitrite raises Rs 83.30 crore through private placement

08 Jan 2016

Deepak Nitrite has raised Rs 83.30 crore from institutional investors through private placement of shares. The project funding committee of board of directors of the company at its meeting has approved the allotment of 1,17,50,000 shares of Rs 2 each at Rs 70.90 apiece.

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.

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