TANFAC Industries to Raise ₹423.5 Crore via QIP and Preferential Issue for R-32 Expansion
TANFAC Industries has successfully concluded a ₹250 crore Qualified Institutional Placement and announced a further ₹173.5 crore raise through a preferential issue. The total capital infusion of ₹423.5 crore will be deployed to establish a presence in the R-32 refrigerant gas market and expand its high-value fluorochemical portfolio.
TANFAC Industries to Raise ₹173.49 Crore via Preferential Issue; Plans NSE Listing
TANFAC Industries has approved a preferential issue of 7.41 lakh equity shares to raise approximately ₹173.49 Crore from promoters and private investors. The board concurrently announced a leadership transition with a new Chairperson and initiated the process for listing on the National Stock Exchange.
TANFAC Industries Approves ₹250 Crore Fund Raise via Equity Allocation to QIBs
TANFAC Industries Limited has successfully concluded its fund-raising process by approving the allocation of 12.59 lakh equity shares to qualified institutional buyers. The capital infusion is aimed at strengthening the company's financial position within the commodity chemicals sector.