Deepak Fertisers Raises Rs 50 Cr Through NCDs
Deepak Fertilsers has raised Rs 50 Cr through issue of debentures to LIC.
It allotted 500, 9.31% secured, redeemable and non-convertible debentures of Rs 1 million each.
The funds will used for its expansion and working capital needs.
Transaction Reference: Myiris
Deepak Fertilisers & Petrochemicals Corporation is engaged in manufacturing and selling of fertilisers and petrochemicals. The group operates in four segments, namely, chemicals, bulk fertilisers,
common and others.
It reported a rise of 11.43% in standalone net profit on y-o-y basis to Rs 44.16 Cr, while total income declined by 1.30% y-o-y basis to Rs 327 Cr for Q4 2010.
This is the second fund raising by Deepak Fertilizer this year. In February, it raised Rs 50 Cr through issue 500, 8.35% secured, redeemable and non-convertible debentures of Rs 1 million each.
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Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Deepak Fertilisers & Petrochemicals Corporation Limited | Shailesh Chimanlal Mehta | Opp. Golf Course, Shastri Nagar, Yerwada, Pune-411006. Maharashtra, India. | www.deepakgroup.com | |
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