IFB Agro Industries has decided to defer the decision on purchase of the carbon di-oxide and allied businesses of Nurpur Gases. The board of director at its meeting held on January 31, 2014 has approved for the same.
The board also approved the issue of 362,000 equity shares at a price of Rs 188 per share (face value of Rs 10 and premium of Rs 178 per share) to Nurpur Gases, a ‘Promoters' Group’ company, on preferential allotment basis, subject to approval of shareholders in the General Meeting.
IFB Agro Industries is one of the largest producers of alcohol in Eastern India. The company is also engaged in the production of Carbon Dioxide Gas & processing of Marine Products for Export as well as for the Indian market.
