TANFAC Industries has successfully raised Rs 250 crore through a Qualified Institutional Placement (QIP), marking the company's first equity capital raise in over three decades. The QIP witnessed a strong and diverse participation from marquee global and domestic institutional investors which includes Motilal Oswal (Mutual Fund & AIF), Malabar Investments, 360One, Niveshaay Funds and Bengal Finance and Investment (Lucky Group), among others. This reflects strong institutional confidence in the company’s medium to long-term potential despite a challenging short-term macroeconomic environment.
The proposed investment marks a significant step in TANFAC's strategy to strengthen its presence in the high-value refrigerant gas segment and expand its portfolio of value-added fluorochemical products.
Tanfac Industries is a prominent chemical manufacturing company based in India, specializing in the production of high-quality specialty fluoride chemicals.
| Company Name | CMP |
|---|---|
| SRF | 2737.35 |
| BASF India | 3566.10 |
| Tata Chemicals | 686.35 |
| Pidilite Inds. | 1580.80 |
| Deepak Nitrite | 1549.35 |
| View more.. | |
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