Anya Polytech & Fertilizers hits capital market to raise Rs 45 cr via IPO

Quick Summary:

A part of the proceeds will be used for meeting working capital and capital expenditure in Arawali Phosphate Limited, a subsidiary company.

Anya Polytech & Fertilizers Ltd on Thursday hit the capital market to raise around Rs 45 crore through its Initial Public Offering (IPO).

The net proceeds from the IPO will be utilised to meet the capital expenditure towards purchase of plant & machinery and working capital requirement.

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Category: BusinessFinance

Markets: India

Topics: Recent IPO Initial public offering

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 18:41:31 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24673491

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