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In a pivotal move, Fineotex Chemical has successfully raised Rs 342.5 crore through a preferential allotment of equity shares and convertible warrants. This substantial capital infusion marks a strategic initiative aimed at bolstering growth prospects and enhancing shareholder value. Sanjay Tibrewala, CFO and Executive Director, highlights the significance of this funding, emphasizing its role in advancing operational excellence and supporting both organic expansion and potential acquisitions. The company's proactive approach underscores its commitment to strengthening market position and driving sustainable long-term growth.