The company is targeting to become Net Debt free in the next 12 months.
Cost of acquisition is Rs90 crore, the Company mentioned in a filing on Tuesday.
ACSL will commence its business operations in due course, the company said.
US Consumer Price Inflation in November has slowed down to 7.1%
This forms part of the first phase of capacity expansion announced in December 2020, as informed earlier by the company.
The category reserved for non-institutional investors received 39% subscription, while Retail Individual Investors (RIIs) got subscribed 17%.
Bain Capital subscribed to Rs 1,330 crore worth of its NCDs earlier this year
The price band for the offer, which closes on December 15, has been fixed at Rs 256-270 per share.
U.S. West Texas Intermediate (WTI) crude futures decreased by 30 cents, or 0.4%, to $75.09, reversing a prior session gain of 3%. At $80.30 a barrel, Brent crude futures were down 38 cents, or 0.5%.
According to the data, urea output was 250.72 lakh tonnes in 2021—2022, up from 246.05 lakh tonnes in 2020—2021 and 244.58 lakh tonnes in 2019—2020.
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