The company made the announcement after market hours on Thursday, 6 December 2012.
Meanwhile, the BSE Sensex was down 81.57 points or 0.42% at 19,405.23.
On BSE, 7,802 shares were traded in the counter as against average daily volume of 23,643 shares in the past one quarter.
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The stock hit 52-week high of Rs 595.25 at the onset of the trading session. The stock hit a low of Rs 540 so far during the day.
If one assumes that the company raises Rs 150 crore entirely from fresh issue of equity shares at the ruling market price of Rs Rs 544.10, it will result in equity dilution of almost 11%.
PI Industries' net profit rose 33.4% to Rs 25.83 crore on 21.7% growth in net sales to Rs 298.03 crore in Q2 September 2012 over Q2 September 2011.
PI Industries provides agri inputs viz. plant protection products, and speciality plant nutrient products and solutions. The company also provides Custom Synthesis & Manufacturing for contract research and production of agro chemicals, intermediates and other niche fine chemicals for global innovators.
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