Thursday 22 January 2015

Deepak Nitrite soars on plan to raise funds up to Rs 200 crore through QIP

     Deepak Nitrite has received an approval for raising of funds by way of a Qualified Institutions Placement (QIP) of equity shares up to an amount not exceeding Rs 200 crore, subject to the approval of members of the company. The board of directors at their meeting held on January 22, 2015 has approved for the same.
     Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2,4 and 2,6 Xylidine.
      Deepak Nitrite is currently trading at Rs. 81.35.

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