Tanfac Industries Board Approves ₹173 Crore Preferential Issue To Promoter

Board approved fundraise of Rs 173.5 Cr via preferential issue of 7.41 lakh equity shares at Rs 2,341/share to promoter Anupam Rasayan India (increasing stake to 26.07%) and others. Also approved proposal to list equity shares on NSE. Board appointed Dr. D. Karthikeyan, IAS as Chairperson.