The Securities Issue Committee of the Board of Directors of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has approved the raising of funds by way of issue of equity shares, through a qualified institutions placement, in accordance with the SEBI ICDR Regulations.

The committee authorized the opening of the issue on October 19, 2021 and the floor price for the Issue being Rs 422.48 per equity share, based on the pricing formula as prescribed under Regulation 176 of the SEBI ICDR Regulations.

The committee also approved the preliminary placement document dated October 19, 2021, together with the application form, in connection with the Issue.