Anjanee Chemical Industries Ltd., the Indian chemical industry’s largest producer of fertilizers and chemical fertilizer, is looking for investors.
The company, which operates in more than 180 countries and has a market capitalization of $5.6 billion, is in the process of raising funds to invest in research and development, acquisitions and strategic partnerships.
In a regulatory filing with the US Securities and Exchange Commission, the company said it has already secured financing from a large fund of Indian investors, which is expected to grow to over $1 billion in the next three years.
“The market is still very low and is being driven by very high debt,” Anjane’s chief executive officer Ravi Shankar said.
“This is not an easy market to find financing.
We are looking for institutional investors.
I am not ready to disclose any funding amounts but our initial funding was $400 million and the next round will be about $1.5 billion.
The Anjanees are the world’s third largest producer and consumer of fertilizer. “
We are going to have a strong team, which we expect to invest over $3 billion,” Shankar added.
The Anjanees are the world’s third largest producer and consumer of fertilizer.
It is a major supplier of fertilization chemicals to countries such as Brazil, Argentina and Mexico.
Anjanay has raised about $5 billion from the Indian government, the US government, India’s private equity firm Fidelity Investments, a private equity fund and the European Union.
It has also invested in several technology companies, including an oil refining company and an industrial chemicals firm.
Anadolu Agency / Getty Images Anjanie Chemical Industries, the world leader in fertilizers, has a massive market capitalisation of $9.3 billion.
It owns the rights to a variety of fertilizing chemicals including kerosene, propane and sulfuric acid.
In 2015, it was ranked as the sixth-largest fertilizer producer in the world by Euromonitor International.
It currently has about $4.3 trillion in assets, according to Bloomberg data.
Anand Agarwal, chief executive of Anjaney Chemical Industries Limited, said the company is looking to raise capital for the future.
“Finance is a key priority for us,” Agarwalsaid in an email.
“In a regulatory environment, the current market environment, with low valuation, is not conducive to us to make a long-term investment.”
Anjanai has already raised about half a billion from Indian investors.
A recent article by Bloomberg reported that Anjanes shares rose $1,300, or 6.6%, to $20.80.
The stock is up about 26% in 2017 so far.
The share price has been up about 6% in 2018.
An Anjani Chemical Industries official said the stock price was based on the company’s recent results.
“A recent analysis by Bloomberg estimated the market cap of the company at $9 billion,” he said.