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Stallion India Fluorochemicals Limited ( (IN:STALLION) ) has issued an update.
Stallion India Fluorochemicals Limited announced that its promoter has sold a portion of his shareholding to raise ₹45.74 crores, which will be infused into the company interest-free to fund the R-32 manufacturing facility in Bhilwara, Rajasthan. This strategic move ensures the timely commencement of the project without equity dilution, demonstrating the promoter’s confidence in the company’s growth and commitment to maintaining its capital structure.
More about Stallion India Fluorochemicals Limited
Stallion India Fluorochemicals Limited is a leading company in the refrigerant and industrial gas industry. It focuses on the manufacturing of fluorochemicals, aiming for self-reliance in this sector.
Average Trading Volume: 391,625
Technical Sentiment Signal: Strong Buy
Current Market Cap: 21.76B INR
See more data about STALLION stock on TipRanks’ Stock Analysis page.