“In a parallel development, it made an allotment of 1.38 million equity shares on preferential basis to Parikh, who had founded Kanpur-based Resinova Chemie in 1995, at a share price of Rs 425.93 apiece, aggregating Rs 59 crore (approximately $9 million)”
Read more at:
http://www.vccircle.com/news/technology/2015/11/03/astral-poly-completes-acquisition-resinova-chemie
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