Balaji Amines update on proposed IPO of subsidiary - Balaji Speciality Chemicals

Balaji Amines announced that its subsidiary, Balaji Speciality Chemicals has filed a draft red herring prospectus dated 10 August 2022 with the Securities and Exchange Board of India. The proposed offer consists of a fresh issue of equity shares aggregating up to Rs 250 crore (including share premium) and an offer for sale of up to 2,60,00,000 equity shares by certain existing and eligible shareholders of Balaji Speciality Chemicals.

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