 "fertiliser business, fertilisers, fertiliser biz")
Matix Fertilisers and Chemicals, whose parent Firstland Holdings was a major investor in Deepak Kochhar’s controversial NuPower Renewables between 2010 and 2014, has filed documents with the Registrar of Companies, indicating plans to raise funds through debt and equity. The filings show plans for a fresh equity infusion of up to Rs1 billion and an agreement for an additional public sector bank loan of Rs230 million.
The move comes even as Matix has struggled with repayment issues. In an April 5 note on its website, rating agency CARE Ratings said there had been delays by Matix in repaying borrowers. It has
