Deepak Fertilisers and Petrochemicals Corporation has received an approval for the issue of non-convertible debentures aggregating to Rs 250 crore on private placement basis with an additional Rs 250 crore as green-shoe option. The Board of Directors of the Company in its meeting held on November 02, 2017, approved the same. The proceeds from this issue would be used mainly for the repayment of existing NCD.
Deepak Fertilisers and Petrochemicals Corporation is a manufacturer of fertilizers. The company’s segments include Chemicals, which offers products, such as ammonia, methanol, dilute nitric acid (DNA), concentrated nitric acid (CAN), carbon dioxide (CO2) etc.
