Chidambaran News
Promoter group to raise stake in Spic
The promoter group of Southern Petrochemical Industries Corporation (Spic) is planning to infuse around Rs 50 crore to raise its stake to 40.22 per cent.
A notice to the company’s shareholders on the eve of the extraordinary general meeting said Ficon Holdings Ltd, Mauritius, an existing shareholder and a constituent of the promoter, would pump in Rs 50 crore into Spic.
"To augment the finances
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