Shalimar Paints exploring different ways to raise funds

Shalimar Paints Ltd. | Paints | Chemicals & Fertilizers | BSE: 509874 | NSE: SHALPAINTS

28 May 2018 Evaluate

Shalimar Paints is exploring different ways to raise funds including investment from third parties or strategic stockholder to improve the performance of the company. The company is facing financial crisis after a major fire broke out at the company’s Nasik Plant in November 2016.

Earlier, the company had planned to raise capital up to Rs 300 crore funds through rights issue.

Shalimar Paints is one of the leading paints manufacturing companies in India. The Company has a wide product range in both Architectural and Industrial sectors.

Peers

Company Name	CMP
Asian Paints	2453.15
Berger Paints India	456.95
Kansai Nerolac Paint	182.20
JSW Dulux	3161.10
Indigo Paints	1135.00
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.