Vinati Organics has received $5 million from International Finance Corporation (IFC), Washington for issue of 50 Foreign Currency Convertible Bonds (FCCBs) having face value of $100,000 each aggregating to $5,000,000. FCCBs conversion price is Rs 100 per equity share.
The company is a specialty chemical company producing organic intermediates, monomers and polymers. Vinati is the world’s largest manufacturer of Isobutylbenzene (IBB), the basic raw material in manufacture of Ibuprofen, with a capacity of 14,000 TPA. It is also the world’s second largest manufacturer of 2-Acrylamido-2-Methyl Propane Sulfonic Acid (ATBS), with a capacity of 12,000 TPA.
| Company Name | CMP |
|---|---|
| BASF India | 3653.10 |
| Tata Chemicals | 704.05 |
| SRF | 2464.40 |
| Pidilite Inds. | 1390.15 |
| Deepak Nitrite | 1537.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: