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NACL Industries to raise funds on preferential basis

11 Feb 2019 Evaluate

NACL Industries has entered into the Share Subscription Cum Shareholders Agreement (SSSA) with Investors and Promoters of the Company, for subscribing to the equity shares and Warrants of the Company by the Investors and Promoter, proposed to be issued on a preferential basis.

The company will utilize the funds for the growth of the company in technical and formulation business, including and the requirements registration, product development etc. both in India and overseas; for expansion /up-gradation/ de-bottlenecking of the factories, working capital needs and other Business-related activities.

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

Peers
Company Name CMP
UPL 540.45
PI Industries 2196.50
Bayer CropScience 3575.10
Sharda Cropchem 723.70
Sumitomo Chem. India 404.40
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