The board of directors of Deepak Ferilisers and Petrochemicals Corporation Limited (DFPCL) have considered and approved raising of funds by way of issue of equity shares to the existing equity shareholders of the company for an issue size of upto Rs. 180 crore.

 

Further, the board constituted Rights Issue Committee has been authorised to decide the pricing of the issue, ratio, record date, appointment of monitoring agency, advertising agency and other things as may be required in accordance with the applicable laws.

 

The promoter and promoter group of the company have also confirmed they will subscribe to the full extent of their aggregate rights entitlement.

 

DFPCL is among India’s leading producers of fertilisers and industrial chemicals. Set up in 1979 as an Ammonia manufacturer, DFPCL today is a publicly listed, multi-product Indian conglomerate with an annual turnover of over half a billion USD with a product portfolio spanning industrial chemicals, bulk and specialty fertilisers, farming diagnostics and solutions, technical ammonium nitrate and value added real estate, which includes India’s 1st & largest revolutionary concept retail destination for home interiors & design.

 

The company has manufacturing facilities in Taloja – Maharashtra, Srikakulam – Andhra Pradesh, Panipat – Haryana and Dahej – Gujarat. The company has adopted some of the global state-of-the-art technologies that enable it to manufacture and supply high quality products that meet global standards.