Krishi Rasayan Group to invest ~100 crore in NACL

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.