DCW has received approval to raise fund through issue of non-convertible debentures (NCDs) on private placement basis for an amount up to Rs 400 crore. The Board of Directors of the Company at its meeting held on March 29, 2019 has approved the same.
The company has also received approval from its board to raise funds aggregate to Rs 80 crore through issuance of issue of warrants and equity shares on preferential basis to the Promoters, Promoter Group, Business Associates and Investors.
DCW is an industry pioneer with a strong presence in the Chlor-Alkali, Synthetic Rutile and PVC business segments, with a successful record of innovation and in pioneering new products and processes.
