Fine Organic Industries has further subscribed to 6,50,00,000 1% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCCPRPS) of face value of Rs 10 each issued by Fine Organic Industries (SEZ), Wholly Owned Subsidiary of the Company, aggregating Rs 65 crore.
The objective of this investment is to support the WOS for setting up the manufacturing unit. Fine Organic Industries (SEZ) has not yet commenced its operations and there is no history of turnover.
Fine Organic Industries produces a wide range of specialty plant derived oleochemical -based additives used in food, plastic, cosmetics, paint, ink, coatings and other specialty application in various industries.
