Chemkart India makes further investment of Rs 1.50 crore in Easy Raw Materials
This investment is a part of the utilization of the proceeds towards commissioning of the manufacturing unit of the Subsidiary company
Chemkart India has made a further Investment of Rs 1.50 crore by way of issue and allotment of 15,00,000 Equity Shares of face value of Rs 10 each at an issue price of Rs 10 each being face value in Easy Raw Materials, a Wholly Owned Subsidiary of the Company, through a Rights Issue.
The Pre-Allotment Shareholding of the company was 99.00% and the Post-Allotment Shareholding of the company is 99.50%. This investment is a part of the utilization of the proceeds towards commissioning of the manufacturing unit of the Subsidiary company.
The company is mainly engaged in the business of processing and trading of nutritional and health supplements. The company is registered under FSSAI (Food Safety and Standards Authority of India).
