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Punjab Chemicals & Crop to raise Rs 60 crore via QIP route

24 May 2012 Evaluate

 Punjab Chemicals & Crop Protection has received its board’s approval to raise an aggregate amount of upto Rs 60 crore by way of Qualified Institutional Placement (QIP). The company’s board has given the approval for the same at its meeting held on May 22, 2012.

The company operates various divisions namely agro chemicals, industrial chemical, pharmaceutical and International trading. The company is engaged in manufacturing of agrochemicals, pharmaceutical intermediates, APIs, phosphorous derivatives and specialty chemicals.

Peers
Company Name CMP
UPL 550.00
PI Industries 2388.40
Bayer CropScience 3715.95
Sharda Cropchem 750.00
Sumitomo Chem. India 446.15
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