Uniphos Enterprises, engaged in the business of trading today announced that it would raise funds not exceeding Rs 1 billion through various instruments.

The aforesaid decision was taken at the extra ordinary general meeting (EGM) of the company held on Nov. 6, 2009.

The company is into trading of chemicals, import and export of engineering goods, agricultural products and various other items. It distributes herbicides and fungicides for agricultural applications.

It offers products like acetamide, acetone, acid blue, additives for the paper industries, adhesive tape, ammonium chloride, animal feed, anionic softeners, antistatic agents, castor oil, specialty and industrial chemicals like phosphorus and its compounds, mercury salts and chlor-alkali, cotton yarn, dyes intermediates, mosquito mats, and many more products.

Shares of the company gained Rs 1, or 3.45%, to trade at Rs 29.95. The total volume of shares traded was 200 at the BSE (11.54 a.m., Friday).