NACL to raise ₹115 crore via equity issue
NACL Industries Ltd (formerly known as Nagarjuna Agrichem Ltd.) will raise about ₹115 crore through issue of equity and equity warrants. The funds will be used to finance growth plans in the domestic and export markets.
Krishi Rasayan Group, the incoming investor, will hold around 16% of the equity of NACL upon completion of infusion of funds. The promoters are also investing ₹15 crore through equity warrants. Post the issue, the promoters will continue to have controlling interest by holding around 63% of the equity. There will be no change in the management of NACL that would continue to be run by professional managers.