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Sharda Cropchem gets nod to raise up to Rs 400 crore

26 Jun 2018 Evaluate

Sharda Cropchem has received an approval to raise funds by way of issuance of equity shares or equity linked securities such as warrants, convertible securities, Global Depository Receipt or American Depository Receipts or foreign currency convertible bonds including but not limited to through preferential issue and / or qualified institutions placement or through any other permissible mode up to Rs 400 crore. The Board of Directors of the company at their meeting held on June 25, 2018, approved the same.

Sharda Cropchem is a crop protection chemical company engaged in the marketing and distribution of a wide range of formulations and generic active ingredients globally.

Peers
Company Name CMP
UPL 548.75
PI Industries 2342.50
Bayer CropScience 3672.15
Sharda Cropchem 729.20
Sumitomo Chem. India 433.25
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