INSUBCONTINENT EXCLUSIVE:
New Delhi: Shalimar Paints today said it is exploring various fund raising opportunities including investment from third parties or
strategic investor to improve the performance of the company
The company said it is facing financial difficulty post major fire at its Nasik Plant in November 2016
"The company continues to explore and evaluate various fund raising opportunities from time to time including investment from third
parties/strategic investor to improve the performance of the company," Shalimar Paints said in a regulatory filing
Earlier, the company had announced that it was also looking at raising up to Rs 300 crore (almost equivalent to current market cap) funds
Shares of the company were trading 3.55 per cent lower at Rs 144.20 apiece on BSE
