Deepak Fertilizers jumps 11.5% after clarification on repayment of CPs

The fertilizer company clarified that there are no commercial papers outstanding payable by itself or any of its subsidiaries.

Jan 25, 2019 06:01 IST India Infoline News Service

Deepak Fertilisers
Shares of Deepak Fertilisers & Petrochemicals Corporation soared 11.5% on BSE after the company issued a clarification on certain rumours relating to repayment of commercial papers.

The company has been repaying commercial papers in accordance with the due dates and has repaid its last commercial papers on the due date in the current month, the company said in a BSE filing on Thursday post market hours.

The fertilizer company also clarified that there are no commercial papers outstanding as on date payable by itself or any of its subsidiaries.

Deepak Fertilizers & Petrochemicals Corp Ltd is currently trading at Rs118.50 up by Rs12.15 or 11.42% from its previous closing of Rs106.35 on the BSE. The scrip opened at Rs107 and has touched a high and low of Rs119.40 and Rs106 respectively.

Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is a producer of fertilizers and industrial chemicals. DFPCL has a product portfolio comprising industrial chemicals, bulk and specialty fertilizers, farming diagnostics and solutions, fresh produce, technical ammonium nitrate, and value-added real estate.

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