Premier Explosives approves Rs.400 crore fund raise

,(20 second reading) Premier Explosives has approved splitting one equity share of Rs.10 into five equity shares of Rs. 2 apiece. The company also approved raising of funds worth up to Rs.400 crore through issuance of instruments or security including equity shares.

Premier Explosives manufactures explosives and & accessories which includes Emulsion and Slurry explosives, LD cartridge explosives, Bulk Explosives, Small-dia non-permitted explosives, Permitted explosives, Cast Boosters, Pillow-packs for secondary blasting. The company produces solid propellants for India’s missile programs.

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