Shrey Chemicals has received an approval to raise funds up to Rs 80 crore, by way of offering, issuing and allotting up to 4 crore equity shares of face value of Rs 5 each at a premium of Rs 15 per share equity shares on preferential basis in cash or in kind. The board of directors of the company at its meeting held on June 21, 2013, has approved the same.
Shrey Chemicals is presently engaged in the business of manufacturing aluminium chloride with an installed capacity of 960 TPA at its factory site at Gujarat.
