Vishnu Chemicals raises Rs.200-Cr via QIP

Hyderabad-based speciality chemicals maker Vishnu Chemicals Ltd has raised INR 200 crore in equity via qualified institutions placement (QIP). The company would issue 57,97,095 equity shares of face value of INR 2 at an issue price of INR 345 per share. Emkay Global Financial Services Ltd was the sole book running lead manager for the QIP, while Crawford Bayley & Co was the legal counsel.