SRF gets nod to raise fund worth Rs 1,000 crore
1st Sep 2020

SRF has received approval to raise funds up to Rs 1,000 crore. The company’s board has approved raising of funds for an aggregate amount not exceeding Rs 750 crore through issue of equity shares by way of qualified institutions placement. The board also approved raising an aggregate amount not exceeding Rs 250 crore through issue of listed redeemable secured non convertible debentures (NCDs) by way of private placement. The Board of Directors of the company, at its meeting held on August 31, 2020, has considered and approved the same.

SRF is a leader in refrigerants, engineering plastics and industrial yarns in India. The company also manufactures polyester films and fluoro specialties. Besides India, SRF has a presence in Dubai, South Africa and Thailand.