Thirumalai Chemicals to raise ₹451 Cr via Preferential Issue—Seeks Turnaround Drive to Grow

Unknown Apr 02, 2026 650 Views

Thirumalai Chemicals Ltd has made a preferential allotment of a maximum of 16.3 million equity shares at ₹277 per equity share to raise ₹4.51 billion (₹451 crore). The fund raising is part of the overall company strategy to build its balance sheet, to finance capacity expansion, and to meet worki...