India's Neogen Chemicals gains on fund raise plan
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;))
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