Deepak Nitrite gets nod to raise funds up to Rs 150 crore

11 Dec 2017

Deepak Nitrite has received an approval for raising of funds by way of Qualified Institutions Placement (QIP) of equity shares in accordance with the provisions of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended from time to time and other applicable laws, up to an amount not exceeding Rs 150 crore, subject to approval of members of the company. The board of directors at their meeting held on December 11, 2017, has approved for the same.  

Gujarat-headquartered Deepak Nitrite has manufacturing facilities at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra, and at Hyderabad in Andhra Pradesh. It manufactures Bulk Chemicals & Commodities, Fine & Speciality Chemicals and Fluorescent Whitening Agents.


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