TANFAC Industries Raises ₹423.5 Cr via QIP and Preferential Issue

TANFAC Industries Limited announced the successful completion of its Qualified Institutional Placement (QIP) raising approximately ₹250 crore and has approved a preferential issue of equity shares at ₹2,341 per share, aggregating approximately ₹173.5 crore. The preferential issue includes an investment of ₹135 crore by Promoter Anupam Rasayan India Limited and subscriptions from other institutional investors. The combined capital raise of ₹423.5 crore will support the company's growth and expansion plans, including strengthening its presence in the R-32 refrigerant gas segment, expanding its fluorochemical product portfolio, and undertaking strategic investments. This capital infusion is expected to enhance the company's financial position and reinforce investor confidence.