Indian Specialties Maker Wins Share Listing Approval

Ramesh, Deepti
May 2007
Chemical Week;5/9/2007, Vol. 169 Issue 16, p14
Trade Publication
The article reports that Meghmani Organics Ltd. (MOL), an agricultural chemical and pigment producer, has obtained in-principle approval to list its shares on the Indian stock exchange. MOL plans to offer shares worth Rs1.02 billion ($25 million) via an initial public offering (IPO). Capital raised from the IPO will be used to build plants, as well as to finance working capital requirements and fund acquisitions.


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