Navin Fluorine raises funds at discount price

Navin Fluorine International completed its institutional share placement, raising 7.49 billion rupees by allocating 1.6 million equity shares at 4,680 rupees each. The pricing represented a significant discount of 118.28 rupees below the floor price, suggesting strong investor demand despite the lower valuation. The fundraising provides the specialty chemicals manufacturer with fresh capital for expansion and operations.