Tijaria Polypipes gets nod to raise funds up to Rs 30 crore

30 Jan 2018

Tijaria Polypipes has received an approval for raising of funds by way of a Qualified Institutions Placement 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, an amount up to Rs 30 crore and the limit of 24 per cent of FIIs be increased up to the sectoral cap as applicable to the Company. The Board of Directors of the company at their meeting held on January 29, 2018, approved the same.

Tijaria Polypipes manufactures high grade plastic based HDPE, MDPE, LDPE, LLDPE, uPVC and PPR pipes. The Company produces pipes for the field of plastics, HDPE, sprinkler, drop irrigation, micro irrigation, telecommunications, etc.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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