Adarsh Plant may get foreign investment

Adarsh Plant Protect Ltd has informed that Mr. Aatish Patel - Executive Director has cleared the first hurdle in negotiating for the Foreign Investments in the benefits of the Company. The Company has received the LOI from Lewis & Co., (Streatham) Ltd., for taking in stake to the extent of 4.50%. The price would be decided as per the SEBI Guidelines Chapter VIII.

This is the first time the Company proposes to allot shares to some Foreign Based Investors. This is the result of the exercise of negotiating with FIs, HNIs and others for Fund Raising Activities. The fund raised would be utilized for expanding its product line and investing in R&D Divisions etc.

Further Company is in the process of developing new products in the most trusted and growing areas of the countries economy, Viz: Power, Agriculture, Engineering sectors. The Company has state of art installed manufacturing and R & D unit of 6000 sq mtrs with staff strength of 200.

Further, the Company is at a very advanced stage in negotiating with other investors for investment opportunities for raising funds. Any development in the same would be informed the share holders in the due course.