Kr­ishi Rasayan Group to in­vest ~100 crore in NACL

Business Standard - - COMPANIES - BS RE­PORTER<

Crop man­age­ment so­lu­tions com­pany NA CL In­dus­tries, for­merly known as N ag ar­juna Agrichem, has de­cided to raise ~100 crore­from Kolkata-based Kris hi Ra say an Group by of­fer­ing 16 per­cent stake in the com­pany. Thi­sis­partofthe board’ s rec­om­men­da­tion to raise around ~115 cr ore to fi­nance its growth plans in the do­mes­tic and ex­port mar­kets. The in fu­sion of eq­uity will be done through eq­uity and eq­ui­ty­war­rants, tothe in­com­ing in­vestor as well the ex­ist­ing pro­moter. Whilethe in­com­ing in­vestor will hold 16 per­cent eq­uity af­ter the in­fu­sion, the­p­ro­mot­er­sare in­vest­ing ~15 cr ore through eq­ui­ty­war­rants. Post­theis­sue, the pro­mote rs will con­tinue to have con­trol­ling in­ter­est by hold­ing around 63 per­cent of thee­quity, the­com­pa­ny­said.

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