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SRF gets nod to raise up to Rs 300 crore on private placement basis

29 Jun 2017 Evaluate

SRF has received an approval to issue Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) aggregating up to Rs 300 crore on a Private Placement basis. The board of directors at their meeting held on June 28, 2017, has approved for the same.

SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.

Peers
Company Name CMP
Godrej Industries 929.55
SRF 2354.95
BASF India 3165.45
Pidilite Inds. 1421.40
Tata Chemicals 602.60
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