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Fineotex Chemical Limited ( (IN:FCL) ) has issued an update.
Fineotex Chemical Limited has announced the allotment of 13,750,000 equity shares following the conversion of warrants, as approved in their recent board meeting. This move, conducted on a preferential basis, increases the company’s issued and paid-up capital to Rs. 115,95,00,900, reflecting strategic financial maneuvering to strengthen its market position and shareholder value.
More about Fineotex Chemical Limited
Fineotex Chemical Limited operates in the chemical industry, focusing on the production and supply of specialty chemicals. The company serves various sectors, including textiles, construction, and water treatment, providing innovative chemical solutions to enhance product performance and sustainability.
Average Trading Volume: 1,446,248
Technical Sentiment Signal: Hold
Current Market Cap: 27.77B INR
See more insights into FCL stock on TipRanks’ Stock Analysis page.