Anupam Rasayan council OKs fundraising up to Rs 800 Cr


The after-hours specialty chemicals maker announced on Tuesday that its board of directors had approved raising funds totaling Rs 800 crore through the issuance of shares through a placement in qualified institutions.

In an exchange filing, the company said: The Board of Directors, at its meeting held on Tuesday, May 24, 2022, considered and approved the raising of funds for an aggregate amount not exceeding Rs 800 crore by the issuance of shares through placement in qualified institutions.

The fundraising is subject to shareholder and regulatory approvals.

Anupam Rasayan India recorded a 108.2% jump in consolidated net profit to 46.10 crore in Q4 FY22 from Rs 46.10 crore recorded in Q4 FY21. Net sales increased 16.8% year-on-year to Rs 317.24 crore in the fourth quarter of FY22 compared to the fourth quarter of FY21.

Shares of Anupam Rasayan India fell 3.79% to Rs 730.55 on BSE.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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