NACL to raise Rs 100 cr from Krishi Rasayan Group, offers 16% stake in firm

While the incoming investor will hold 16% equity after the infusion, the promoters are investing Rs 15 cr through equity warrants

Crop management solutions company NACL, formerly known as Nagarjuna Agrichem, has decided to raise Rs 100 crore from Kolkata-based Krishi Rasayan Group by offering a 16 per cent stake in the company. 
 

This is part of the company board's recommendation to raise around Rs 115 crore to finance its growth plans in the domestic and export markets. 

The infusion of equity will be done through equity and equity warrants to the incoming investor as well as the existing promoter. While the incoming investor will hold 16 per cent equity after the infusion, the promoters are investing Rs 15 crore through equity