{"id":106294,"date":"2023-08-07T14:02:38","date_gmt":"2023-08-07T08:32:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106294"},"modified":"2023-08-07T14:02:39","modified_gmt":"2023-08-07T08:32:39","slug":"visnu-chemicals-finishes-fundraising-rs-200-cr-through-qip-qualified-institutional-placement","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/visnu-chemicals-finishes-fundraising-rs-200-cr-through-qip-qualified-institutional-placement\/","title":{"rendered":"Visnu Chemicals finishes fundraising Rs. 200 Cr through QIP (Qualified Institutional Placement)"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2643217011\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>At its facilities in Andhra Pradesh&#8217;s Medak District and Chattisgarh&#8217;s Bhilai, Vishnu Compounds pioneered the production of chrome compounds such as sodium dichromate, potassium dichromate, basic chromium sulphate, and yellow sodium sulphate over a 17-year period.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1369986910\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Speciality chemicals maker <a href=\"https:\/\/portal.tradebrains.in\/stock\/VISHNU\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Vishnu Chemicals Ltd<\/strong><\/a> on Monday said it has raised Rs 200 crore via qualified institutions placement (QIP) of its equity shares.<\/p><p>On August 1, the fund-raising committee approved the allotment of 57,97,095 equity shares of face value of Rs 2 at an issue price of Rs 345 per share.<\/p><p>In a regulatory filing, Vishnu Chemicals said its first-ever QIP has witnessed a &#8220;strong response&#8221; from marquee domestic and foreign institutional investors.<\/p><div class=\"trade-content_5\" id=\"trade-3005927488\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;We are pleased to announce the successful closure of QIP of Rs 200 crore,&#8221; Vishnu Chemicals Chairman and Managing Director Krishna Murthy Cherukuri said.<\/p><p>This investment marks a pivotal moment in the journey of Vishnu Chemicals. It also demonstrates the support of bluechip investors in the business model of our company, he added.<\/p><p>The company&#8217;s Joint Managing Director Siddartha Cherukuri said, &#8220;The response to the QIP has been extremely encouraging. We thank our investors for reposing their trust in us.&#8221; Emkay Global Financial Services Ltd was the sole book-running lead manager for the QIP, while Crawford Bayley &amp; Co was the legal counsel.<\/p><div class=\"trade-after-content\" id=\"trade-1144342809\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>At its facilities in Andhra Pradesh&#8217;s Medak District and Chattisgarh&#8217;s Bhilai, Vishnu Compounds pioneered the production of chrome compounds such as sodium dichromate, potassium dichromate, basic chromium sulphate, and yellow sodium sulphate over a 17-year period. Speciality chemicals maker Vishnu Chemicals Ltd on Monday said it has raised Rs 200 crore via qualified institutions placement [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-106294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Visnu Chemicals finishes fundraising Rs. 200 Cr through QIP (Qualified Institutional Placement) - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"At its facilities in Andhra Pradesh&#039;s Medak District and Chattisgarh&#039;s Bhilai, Vishnu Compounds pioneered the production of chrome compounds such as sodium dichromate, potassium dichromate, basic chromium sulphate, and yellow sodium sulphate over a 17-year period.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/visnu-chemicals-finishes-fundraising-rs-200-cr-through-qip-qualified-institutional-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visnu Chemicals finishes fundraising Rs. 200 Cr through QIP (Qualified Institutional Placement)\" \/>\n<meta property=\"og:description\" content=\"At its facilities in Andhra Pradesh&#039;s Medak District and Chattisgarh&#039;s Bhilai, Vishnu Compounds pioneered the production of chrome compounds such as sodium dichromate, potassium dichromate, basic chromium sulphate, and yellow sodium sulphate over a 17-year period.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/visnu-chemicals-finishes-fundraising-rs-200-cr-through-qip-qualified-institutional-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-07T08:32:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-07T08:32:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Specialty-Chemical-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/visnu-chemicals-finishes-fundraising-rs-200-cr-through-qip-qualified-institutional-placement\/\",\"url\":\"https:\/\/tradebrains.in\/features\/visnu-chemicals-finishes-fundraising-rs-200-cr-through-qip-qualified-institutional-placement\/\",\"name\":\"Visnu Chemicals finishes fundraising Rs. 200 Cr through QIP (Qualified Institutional Placement) - 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