Corporate News     24-Mar-21
Board of Rossari Biotech approves preferential issue of shares up to Rs 300 cr
At meeting held on 23 March 2021
The Board of Rossari Biotech at its meeting held on 23 March 2021 has approved the issuance of up to 30,12,046 equity shares of face value of Rs 2 each, on a preferential basis for a price of Rs 996 per equity share aggregating to Rs 300 crore.

Rossari proposes to utilize the net proceeds to evaluate & invest in inorganic growth opportunities, within its core chemistries, with a view to diversify its product portfolio, expand geographical reach and augment end-user industry applications.

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