TANFAC Corrects Fund Raise Filing, Completes ₹250 Cr QIP

TANFAC Industries Ltd has issued a clarification regarding an inadvertent error in a previous filing. The company has now submitted the correct press release detailing the successful completion of the first tranche of its fund raise through a Qualified Institutional Placement (QIP) on June 25, 2026, amounting to approximately ₹250 crore by allotting 12,58,918 equity shares. Additionally, the Board has approved a preferential issue of 7,41,082 equity shares at ₹2,341 per share, aggregating approximately ₹173.5 crore, subject to shareholder and regulatory approvals. The promoter, Anupam Rasayan India Limited, will invest ₹135 crore in this preferential issue, with other institutional investors subscribing to the balance. The total capital raised is approximately ₹423.5 crore, intended for strategic growth initiatives including expansion into the R-32 refrigerant gas segment and value-added fluorochemical products.