(20 second reading) Speciality chemicals maker Ami Organics Ltd informed it plans to raise Rs.500 crore through a qualified institutional placement (QIP).
The company’s board of directors has approved the proposal for raising funds in one or more tranches by issuing equity shares and/or other convertible securities.
Shares of Ami Organics Ltd ended at Rs.1,220.95, down by ?54.70, or 4.29%, on the BSE.