Fineotex Chemical has received approval for raising up to Rs 200 crore, in one or more tranches, on such terms and conditions as it may deem fit, by way of issuance of Securities, through one or more permissible mode including but not limited to a private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof, subject to shareholders' approval and regulatory and other approvals, as may be required under applicable law. The board of directors at its meeting held on June 24, 2022 has approved the same.
Fineotex Chemical manufactures specialty chemicals consumed by textile and garment industry, leather, construction, adhesives paper, water treatment, agrochemicals, paint and other industries.
