15 July, 2026 18:56:03 IST 
Tamil Nadu-based fluorine chemicals manufacturer, Tanfac Industries Ltd, has raised a combined Rs. 423.5-crore to fund its expansion plans, comprising a completed Qualified Institutional Placement (QIP) of approximately Rs. 250-crore and a board-approved preferential issue of approximately Rs. 173.5-crore.
The proceeds will support the company’s next phase of growth, including strengthening its presence in the R-32 refrigerant gas segment, expanding its portfolio of value-added fluorochemical products, executing expansion plans, and funding strategic investments to build scale and capabilities, the company said.
The preferential issue comprises 7,41,082 equity shares at Rs. 2,341 per share, with promoter Anupam Rasayan India Ltd. investing Rs. 135-crore and the balance subscribed by institutional investors including Alrox Enterprises, Vivek Jain (Action Group), and Tatvam Trade (Niveshaay Investments). Following completion, the company’s paid-up equity share capital will rise from 2,12,08,918 to 2,19,50,000 equity shares.
Mr. Afzal Malkani, the company’s Managing Director, said the QIP and preferential issue mark a significant milestone in Tanfac’s growth journey, strengthening the company’s financial position and its ability to execute planned investments while maintaining a prudent capital structure.
Tanfac Industries is a joint sector company promoted by Anupam Rasayan and the Tamil Nadu Industrial Development Corporation (TIDCO), and is among the leading producers of hydrofluoric acid and its derivatives. Its manufacturing facilities are spread over 60 acres in the SIPCOT Industrial Estate at Cuddalore, about 200 kms south of Chennai.
