Himadri Speciality Chemical has received an approval for raising of fund by further issue of securities by way of Preferential Issue/QIP / FCCBs / FCEBs / ADRs / GDRs and/or other eligible securities convertible into equity shares etc. for an aggregate amount not exceeding Rs 1,000 crore, subject to the approval of the Shareholders and other authorities as may be necessary. The board of directors at their meeting held on November 2, 2017 has approved for the same.
Himadri Speciality Chemical (formerly Himadri Chemicals & Industries) is a specialty carbon manufacturer. The company is engaged in the business of manufacturing various grades of coal tar pitch and other byproducts derived during the distillation process.
