Investment10 April 2026 at 01:01 pm
Kamdhenu Ventures invests ₹13.01 Cr in WOS KCCL via rights issue
AI Summary
Kamdhenu Ventures Ltd (KVL) has remitted ₹13,01,04,000 to subscribe to a rights issue by its Wholly Owned Subsidiary (WOS), Kamdhenu Colour and Coatings Limited (KCCL). KVL is subscribing to 3,614 equity shares of KCCL at an issue price of ₹36,000 per share. This investment follows an earlier approval by KVL's Board Investment Committee. KCCL shall allot the shares to KVL in due course, strengthening KVL's investment in its subsidiary.
Key Highlights
- Kamdhenu Ventures invested ₹13.01 crore in its WOS, KCCL.
- Investment was made by subscribing to 3,614 equity shares.
- Each share was priced at ₹36,000 in the rights issue.
- This strengthens KVL's stake in its wholly-owned subsidiary.
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Kamdhenu Ventures LtdPrice Impact