Paints
Investment10 April 2026 at 06:34 am

Kamdhenu Ventures to invest ₹13.01 Cr in WOS KCCL via Rights Issue

AI Summary

Kamdhenu Ventures Ltd's Investment Committee has approved an investment of ₹13.01 crore in its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL). The investment will be made by subscribing to 3,614 equity shares at an issue price of ₹36,000 per share through a Rights Issue offer from KCCL. This capital infusion is intended to support KCCL's business operations and expansion within the paint industry. KCCL, incorporated in 2019, reported a turnover of ₹266.10 crore for the financial year 2024-25. The transaction, while a related party transaction, is exempt under SEBI regulations as KCCL is a wholly-owned subsidiary. The investment is expected to be completed by April 30, 2026, with KCCL maintaining its status as a 100% wholly-owned subsidiary.

Key Highlights

  • Kamdhenu Ventures to invest ₹13.01 crore in its WOS, KCCL.
  • Investment via Rights Issue for 3,614 shares at ₹36,000 each.
  • Funds to support KCCL's paint business operations and expansion.
  • KCCL remains a 100% wholly-owned subsidiary post-investment.
  • KCCL's FY25 turnover was ₹266.10 crore in the paint industry.