Gujarat State Fertilizers & Chemicals Invests ₹144 Million in VJSPL Rights Issue

Gujarat State Fertilizers & Chemicals has invested in Vadodara Jal Sanchay Pvt Ltd's (VJSPL) rights issue, which is a subsidiary, to the tune of ₹144 million. The action demonstrates the company's strategic focus towards its subsidiaries as well as towards its overall investment strategy. The investment is believed to help promote VJSPL's growth processes and improve its operational efficiency. This involvement indicates the continued attempt by Gujarat State Fertilizers & Chemicals to consolidate its portfolio and build long-term growth at its subsidiaries.
Source: Economic Times