Online
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Punjab Chemicals & Crop Protection
NSE Announcements on Punjab Chemical
Posted by :
MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Limited has informed the Exchange regarding the press release dated September 01, 2008, titled "Punjab Chemicals and Corp Protection Limited (PCCPL) acquire 70% stake in Vadodara based agro-formulation company Parul Chemicals Limited (Parul) at an enterprise value of Rs. 90 million". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Ltd has informed BSE regarding a Press Release titled "Punjab Chemicals and Crop Protection Ltd (PCCPL) acquires 70% stake in Vadodara based agro-formulation Company Parul Chemicals Ltd (Parul) at an enterprise value of Rs 90 million"...
NSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Limited has informed the Exchange regarding the Outcome of Annual General Meeting held on August 29, 2008.The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Ltd has informed BSE that the 32nd Annual General Meeting (AGM) of the Company was held on August 29, 2008....
NSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on August 29, 2008 have approved the following : (1) To acquire 70% stake in Parul Chemicals Limited (Parul), Vadodara, from the existing promoters, which has an enterprise value of Rs. 9 crores. The Company has a state of art manufacturing facility near Vadodara. Over the last 30 years, Parul has acquired more than 100 registrations for various formulations and this will help the Company to add more products to its product mix along with wide distribution net work in western India. (2) To explore various options to acquire some multiple product portfolios to enhance the business of the Company in the international portfolio, the cumulative value of which may be approx USD 25 million....
BSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2008, inter alia, has approved the following:
1. To acquire 70% stake in Parul Chemicals Ltd (Parul) Vadodara, from the existing promoters, which has an enterprise value of Rs 9 crores. The Company has a state of art manufacturing facility near vadodara. Over the last 30 years, Parul has acquired more than 100 registrations for various formulations and this will help the Company to add more products to its product mix along with wide distribution net work in Western India.
2. To explore various options to acquire some multiple product portfolios to enhance the business of the Company in the international portfolio, the cumulative value of which may be approx. USD 25 million....
Punjab Chemicals and Crop protection
Posted by : zoombusinessTracked by: 0 Boarder
Punjab Chemicals and Crop protection
“Planning to mobilize around Rs 125 crore through global depository receipts (GDRs) in the next six months to fund future growth plans”...
BSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Ltd has informed BSE that the meeting of the Board of Directors of the Company which is scheduled to be held on August 29, 2008, the Board may also discuss, consider and explore acquiring Product Portfolio....
BSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 29, 2008, to consider acquiring stake in an agrochemical formulation unit....
Punjab Chemicals to raise Rs 250 cr via GDR
Posted by : GuestTracked by: 0 Boarder
Any view on the stock??...
In reply to:
Punjab Chemicals to raise Rs 250 cr via GDR
Posted by : zoombusiness
Agro-chemicals major Punjab Chemicals and Crop Protection Ltd (PCCPL) is planning to raise around Rs 250 crore through global depository receipts (GDRs) in the next six months to fund its global acquisiton plans and other fund requirements
-bs
PCCPL is planning to issue shares in European and Asian countries and subsequent listings on Luxemburg Stock Exchange and Singapore Stock Exchange, according to sources.
The agro-chemical company has already hired advisors for the issue and will wait for their recommendations before finalising the details of the GDR.
PCCPL also intends to use the money for its capital expenditure and recruitment plans, among others.
PCCPL is likely to raise the amount through two tranches. The company is expected to raise around Rs 100-125 crore in the first tranche, which is expected to be announced in the next couple of months. The remaining money will be raised through the second tranche, expected within six months of the first tranche.
When contacted, top officials of the company declined to comment on the issue.
The company is believed to be in discussions with a US-based firm to acquire its agrochemicals portfolio. However, the name of the company could not be ascertained.
Earlier, the company acquired Agrichem Netherlands for around $60 million (nearly Rs 240 crore) last year, prior to which it bought Argentina-based Sintesis Quimica for $10 million (nearly Rs 40 crore). These buyouts had helped the company consolidate its position in North America, Latin America and Europe.
In 2006, the company acquired IAIC Chem for an undisclosed sum, a move that enabled PCCPL to venture into herbicides and fungicides formulation and water dispersible granules businesses.
Punjab Chemicals to raise Rs 250 cr via GDR
Posted by : zoombusinessTracked by: 0 Boarder
Agro-chemicals major Punjab Chemicals and Crop Protection Ltd (PCCPL) is planning to raise around Rs 250 crore through global depository receipts (GDRs) in the next six months to fund its global acquisiton plans and other fund requirements
-bs
PCCPL is planning to issue shares in European and Asian countries and subsequent listings on Luxemburg Stock Exchange and Singapore Stock Exchange, according to sources.
The agro-chemical company has already hired advisors for the issue and will wait for their recommendations before finalising the details of the GDR.
PCCPL also intends to use the money for its capital expenditure and recruitment plans, among others.
PCCPL is likely to raise the amount through two tranches. The company is expected to raise around Rs 100-125 crore in the first tranche, which is expected to be announced in the next couple of months. The remaining money will be raised through the second tranche, expected within six months of the first tranche.
When contacted, top officials of the company declined to comment on the issue.
The company is believed to be in discussions with a US-based firm to acquire its agrochemicals portfolio. However, the name of the company could not be ascertained.
Earlier, the company acquired Agrichem Netherlands for around $60 million (nearly Rs 240 crore) last year, prior to which it bought Argentina-based Sintesis Quimica for $10 million (nearly Rs 40 crore). These buyouts had helped the company consolidate its position in North America, Latin America and Europe.
In 2006, the company acquired IAIC Chem for an undisclosed sum, a move that enabled PCCPL to venture into herbicides and fungicides formulation and water dispersible granules businesses.
...
NSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Limited has informed the Exchange that the auditors have conducted the limited review of the Unaudited financial results for the quarter ended June 30, 2008. The auditors observation are: No provision has been made for diminution in the value of a long-term investment, the cost of which amounts to Rs.237.63 lacs, as required by Accounting Standards AS-13 Accounting for Investments issued by the Institute of Chartered Accountants of India....
BSE Announcements on Punjab Chemical
Posted by : MMB MessengerTracked by: 0 Boarder
Punjab Chemicals & Crop Protection Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008....
More from the Chemicals Sector
see moreBoarders tracking Punjab Chemical
News Updates on Punjab Chemical
Explore Moneycontrol
