India's Neogen Chemicals gains on fund raise plan

Neogen Chemicals

09/03/2026 08:10

** Neogen Chemicals NEOE.NS rises 6.1% to 1,412 rupees

** Specialty chemicals maker to raise 1.61 bln rupees ($17.4 mln) via issuance of 1 mln shares to promoter Cadamba Solutions

** Offer price of 1,610 rupees/share represents 21% premium to Friday's close

** Trading vols more than 5x the 30-day average of 349,870 shares

** YTD, NEOE up 19.2%

($1 = 92.3150 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))