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Deepak Nitrite gets nod to raise upto Rs 2000 crore through QIP

22 Dec 2021 Evaluate

Deepak Nitrite has received approval from board of directors to raise upto Rs 2000 crore through issuance of equity shares of the Company or any other Equity linked Securities of the Company or other securities convertible into or exchangeable for Equity Shares by way of Quantified Institutions Placement (QIP) in one or more of the tranches. The Board of Directors at its meeting held on December 22, 2021 has approved the same.

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals.

Peers
Company Name CMP
Godrej Industries 957.05
SRF 2485.00
BASF India 2955.40
Pidilite Inds. 1576.00
Tata Chemicals 607.25
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