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The latest announcement is out from Astec Lifesciences Limited ( (IN:ASTEC) ).
Astec LifeSciences Limited has announced the allotment of 4,900 rated, listed, unsecured, redeemable, non-convertible debentures, each with a nominal value of Rs. 1,00,000, totaling Rs. 49 crore. This private placement aims to strengthen the company’s financial position and is expected to impact its market operations positively, with the debentures set to mature in two years and offering an annual coupon rate of 8.90%.
More about Astec Lifesciences Limited
Astec LifeSciences Limited operates in the chemical industry, focusing on the production of agrochemical active ingredients and intermediates. The company primarily serves the agricultural sector, providing products that support crop protection and yield enhancement.
YTD Price Performance: -29.77%
Average Trading Volume: 3,793
Current Market Cap: 13.54B INR
See more data about ASTEC stock on TipRanks’ Stock Analysis page.