Southern Petrochemicals Industries Corporation (SPIC) has received approval for the investment in equity shares of Greenam Energy of Rs 10 each on Rights issue basis for amount aggregating to Rs 2.05 crore. The shareholding of the company after the aforesaid investment would be 20% of the total paid up capital. The Committee of Directors of the Company at its meeting held on February 13, 2019 has approved the same.
SPIC since its founding has been providing product and services that feed, nourish, and protect the agriculture and rural ecosystem. The company is now a well-diversified one with area of businesses spreading from fertilizers to pharma.
