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Neogen Chemicals secures board approval for equity share placement with a floor price
10-Sep-2026, 08:40
Neogen Chemicals Limited said its Fund-Raising Committee approved a qualified institutions placement of equity shares with a floor price of Rs 2,189.73 per share, following approvals from the company's board on July 24, 2026, and shareholders on August 21, 2026. The company may offer a discount of not more than 5% on the floor price, and the issue price will be determined in consultation with lead managers, with a preliminary placement document to be filed with the BSE Limited and National Stock Exchange of India Limited on September 10, 2026.