NACL Industries gets nod to raise funds up to Rs 300 crore

02 Jan 2018

NACL Industries has received an approval for raising funds through the issuance of equity shares by way of a qualified institutions placement and/or a public issue and/or Global Depository Receipts(GDRs)and/or American depository receipts (ADRs) or other securities convertible into equity shares (the Securities) to eligible investors, including but not limited to banks, financial institutions, qualified institutional buyers, for an amount not exceeding Rs 300 crore or an equivalent amount in any foreign currency. The board of directors at their meeting held on January 2, 2018, has approved for the same.

NACL Industries produces a comprehensive range of pesticide Technicals and Formulations.

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