According to Economic Times, the company is planning to do a combination of fresh issue as well as secondary sale early next fiscal and the leading bankers appointed for the proposed issue are Goldman Sachs, JP Morgan, @JM_Financial_Li and ENAM Securities.
In 2008, Blackstone invested around Rs250Cr in convertible instruments and depending upon the conversion price, Blackstone will have 10-20% stake in the company.
NSL Seeds, the flagship company NSL group is the hybrid seed company in India, engaged in R&D, production and marketing of seeds with market leadership in hybrid cotton seeds and significant presence in other field crops including corn, rice, sunflower, sorghum, pearl millet, and vegetable crops.
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