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Sudarshan Chemical Industries Limited ( (IN:SUDARSCHEM) ) has provided an announcement.
Sudarshan Chemical Industries Limited announced the closure of its Qualified Institutions Placement (QIP) of equity shares, raising funds through the issuance of 74,76,635 equity shares to qualified institutional buyers at a price of ₹ 1,070 per share. This strategic move is likely to enhance the company’s financial flexibility and strengthen its market position by enabling further investments and growth opportunities.
More about Sudarshan Chemical Industries Limited
Sudarshan Chemical Industries Limited operates in the chemical industry and is known for manufacturing a wide range of chemical products. The company primarily focuses on pigments and colors, serving various sectors including coatings, plastics, and inks, with a significant market presence.
YTD Price Performance: -12.01%
Average Trading Volume: 46,037
Current Market Cap: 71.92B INR
Learn more about SUDARSCHEM stock on TipRanks’ Stock Analysis page.