Punjab Chemicals to raise Rs 200 cr via share sale

Punjab Chemicals & Crop Protection today said it will raise Rs 200 crore by various routes from domestic and international markets.

The board of the company at their meeting held on January 13 have approved to raise the amount in one or more tranches, Punjab Chemicals said in a filing to the Bombay Stock Exchange.

The company would raise the amount by issue of securities or foreign currency convertible bonds (FCCBs) from the domestic or international markets, subject to necessary approvals.