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Fineotex Chemical Limited ( (IN:FCL) ) has issued an announcement.
Fineotex Chemical Limited has successfully exercised warrants on a preferential basis, with significant participation from its promoter group, indicating strong confidence in the company’s growth prospects. The funds raised will be used for working capital and potential acquisitions, bolstering Fineotex’s expansion plans and reinforcing its market position both domestically and internationally.
More about Fineotex Chemical Limited
Fineotex Chemical Limited is a rapidly growing Indian multinational company specializing in specialty performance chemicals. It provides sustainable, technology-driven solutions to industries such as textile and garment processing, clean and homecare, water treatment, and oil and gas. The company operates state-of-the-art manufacturing facilities in Ambernath, Navi Mumbai, and Selangor, Malaysia, with an additional plant under development in Ambernath. Fineotex serves clients in approximately 70 countries, supported by a network of over 103 dealers and distributors in India.
Average Trading Volume: 1,464,956
Technical Sentiment Signal: Hold
Current Market Cap: 28.88B INR
See more insights into FCL stock on TipRanks’ Stock Analysis page.