Gulshan Sugars Ltd files draft prospectus with SEBI

New Delhi, June 9 (UNI) Gulshan Sugars&Chemicals Ltd, producers of Calcium Carbonate in India, today announced it has filed the Draft Prospectus with the Securities and Exchange Board of India (SEBI) to enter the capital market with a fixed price follow-on issue of 66 lakh equity shares.

The company proposes to issue 66,00,000 equity shares of Rs 8 each for cash at a premium, to fund its expansion plans.

The issue would constitute 51.51 per cent of the fully diluted post issue paid up capital of the company.

The company is setting up a 20,000 TPA Ground Calcium Carbonate (GCC) unit and an additional 3 MW captive power plant at its manufacturing facilities at Muzaffarnagar, Uttar Pradesh.

The sole Lead Manager to the issue is SREI Capital Markets Ltd.

The equity shares of the company are presently listed on the Bombay Stock Exchange, and it has proposed to list its shares on the National Stock Exchange (NSE) as well.

UNI RA PV PM1654