TANFAC Industries Reduces Preferential Issue Size to ₹99.4 Cr

TANFAC Industries Limited has announced a reduction in its proposed preferential issue size from ₹1,73,48,72,962 to ₹99,40,98,627. This adjustment is due to a revised expression of interest from promoter Anupam Rasayan India Limited. The company will now raise funds by issuing up to 4,24,647 equity shares at ₹2,341.00 per share. The funds will be raised through a private placement to identified allottees including Anupam Rasayan India Limited, Alrox Enterprises Private Limited, Vivek Jain, and Tatvam Trade. The decision was approved by the Preferential Issue Committee of the company.