Neogen Chemicals Capital Structure Change
Neogen Chemicals' subsidiary, Neogen Morita New Materials Limited, approved a preferential issue of 7,20,000 equity shares worth ₹76.80 Crore to Morita Investment Limited.
- Value
- ₹76.80 Cr
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Neogen Chemicals' subsidiary, Neogen Morita New Materials Limited, approved a preferential issue of 7,20,000 equity shares worth ₹76.80 Crore to Morita Investment Limited.
Neogen Chemicals Limited allotted equity shares via a Qualified Institutional Placement (QIP). The allotment increases the total paid-up share capital of the company.
Neogen Chemicals successfully concluded its QIP, issuing 26,60,753 equity shares at an issue price of ₹2,255 per share, raising funds from qualified institutional buyers.
Neogen Chemicals reported a gift transfer of 354 equity shares between two individuals categorized as 'Other'. This off-market transaction involves no monetary consideration.
SBI Mutual Fund sold 2,11,931 shares of Neogen Chemicals Limited via market sale. Its stake decreased from 6.80% to 6.02%.