DCM Nouvelle has further invested an amount of Rs 32 crore by way of subscription to the additional 1,07,41,200 fully paid-up Equity Shares of face value Rs 10 each of DCM Nouvelle Specialty Chemicals (DCMSCL) offered through rights issue. The shares rank pari-passu to existing Equity Shares of the company. Post-Acquisition, the shareholding of the company in DCMSCL has increased from 82.90% to 87.08%. Acquiring additional equity stake of the DCMSCL, will add additional revenue segment for the company and will create value to the company.
The company, primarily, engaged in the business of manufacturing and sale of Cotton Yarn.
