Business News

Mitsu Chem Plast Ltd files DRHP for FPO

Jul 19, 2022

Mumbai (Maharashtra) [India], July 19 (ANI/PNN): Mumbai-based Mitsu Chem Plast Ltd has filed the draft red herring prospectus for proposed further public offering ("FPO") with SEBI. The Further Public Offering of equity shares (to be finalised at the time of allotment) of Rs. 10 each for cash at a price to be decided at the time of issue at a premium aggregating up to 12,500 lakhs is proposed to be brought for repayment/pre-payment, in full or part, of certain borrowings availed by Company, funding working capital requirements and general corporate purposes. The book running lead manager to the said FPO is IDBI Capital Markets and Securities Ltd.