Rights Issue11 April 2026 at 07:30 am
KVL Subsidiary KCCL Allots 3,614 Rights Shares for ₹13.01 Cr
AI Summary
Kamdhenu Ventures Ltd (KVL) announced that its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL), has allotted 3,614 equity shares to KVL on a rights issue basis. This follows KVL's earlier approval to invest ₹13,01,04,000 towards subscribing to these shares. Each share was issued at a price of ₹36,000, comprising a face value of ₹10 and a premium of ₹35,990. The allotment formalizes KVL's investment in its subsidiary, strengthening its equity holding in KCCL.
Key Highlights
- KVL's wholly-owned subsidiary, KCCL, allotted 3,614 rights shares.
- Kamdhenu Ventures invested ₹13.01 crore in KCCL's rights issue.
- Each share was priced at ₹36,000, including a significant premium.
- This transaction reinforces KVL's equity stake in its subsidiary.
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Kamdhenu Ventures LtdPrice Impact