Indo Speciality Chemicals receives Environment Clearance for capacity enhancement

Indo Amines Ltd's subsidiary company Indo Speciality Chemicals Private Limited (formally known as Ashok Surfactant Private Limited) has received an environment clearance for capacity enhancement of Synthetic Organic Chemical for its manufacturing unit situated at Plot No. C-62, C-70, MIDC, Mahad, Mabharashtra.

GNFC announces share buyback plan of Rs 652 crore

The Board of Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) board has approved the buyback of fully paid-up equity shares. The buyback offer price is set at Rs 770 per equity share, payable in cash, amounting to a maximum buyback offer size of Rs 653 crore. The record date for determining eligible shareholders was November 24, 2023. The buyback involves purchasing up to 84.8 lakh equity shares, which is 5.5% of the total equity shares as of March 31, 2023, each with a face value of Rs 10. The proposed buyback will cost around 23.5 per cent of their total cash balance of Rs 2,782 crore as of September 30, 2023.