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NACL Industries Ltd ( (IN:NACLIND) ) has shared an announcement.
NACL Industries Limited has announced a rights issue of 3,25,01,851 fully paid-up equity shares at an issue price of ₹76.70 per share, aggregating up to ₹24,928.92 lakhs. This move aims to raise capital from eligible equity shareholders in a ratio of 5 new shares for every 31 held. The rights issue is expected to enhance the company’s financial position and provide additional resources for its operations, potentially strengthening its market position.
More about NACL Industries Ltd
NACL Industries Limited, originally incorporated as East India Finance Limited, operates in the agrochemical industry. It has undergone several name changes and is currently headquartered in Hyderabad, India. The company is focused on producing agrochemical products and is promoted by Coromandel International Limited.
Average Trading Volume: 39,537
Technical Sentiment Signal: Buy
Current Market Cap: 35.06B INR
See more data about NACLIND stock on TipRanks’ Stock Analysis page.