Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. It has now informed exchanges about securing a fresh orders valued well over Rs 200 million. Vikas Ecotech is riding high post-raising funds via Qualified Institutional Placement route and FIIs liquidity. "Management of the company, while undertaking this debt reduction programme …
Vikas Ecotech, a leading provider of high-end specialty chemicals, has raised about Rs 50 crore via Qualified Institutional Placement route, the company said in an exchange filing. As per the filing, the company allotted a total of 17.85 crore equity shares to qualified institutional buyers, amounting to Rs 49.98 crore. The issue was determined at Rs 2.80 apiece, a discount …