Neogen Chemicals Fund Raise of ₹600 Cr
Neogen Chemicals is raising funds via a Qualified Institutional Placement of 26.61 lakh equity shares. This issuance is valued at approximately ₹600 Crore.
- Value
- ₹600.0 Cr
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Neogen Chemicals is raising funds via a Qualified Institutional Placement of 26.61 lakh equity shares. This issuance is valued at approximately ₹600 Crore.
Neogen Chemicals Limited has opened its Qualified Institutional Placement (QIP) with a floor price of ₹2,189.73 per share, as approved by its Fund-Raising Committee.
Neogen Chemicals has received shareholder approval for raising funds up to Rs. 600 Crore. The company obtained this in-principle authorization for future capital issuance.
Neogen Chemicals received board approval to raise up to ₹600 Crore via issuance of equity or other eligible securities. The company will determine the specific fundraising mode later.