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Navin Fluorine International to further invest Rs 250 crore in NFASL

15 Mar 2024 Evaluate

Navin Fluorine International has received an approval for additional investment of  around Rs 250 crore in Navin Fluorine Advanced Sciences (NFASL), Wholly Owned Subsidiary, by subscribing to Non-Cumulative, Non-Convertible, Non-participating, Redeemable Preference Shares for repayment of the existing Inter Corporate Deposits and further business funding requirements of NFASL. 

The Board of Directors of the Company at its meeting held on March 14, 2024, has based on the recommendation of the Audit Committee, approved the same. NFASL has been incorporated on February 06, 2020 in India by the Company for greenfield projects in fluorochemicals. NFASL has commenced its commercial operation in the financial year 2022-2023.

Navin Fluorine International is primarily focuses on fluorine chemistry - producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers Contract Research and Manufacturing Services.


Navin Fluorine Intl Share Price

6465.80 180.15 (2.87%)
20-Apr-2026 16:59 View Price Chart
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