Business Update6 Apr 2024, 01:12 am
Affordable Robotic & Automation Ltd Invests Rs. 38 Crores in Wholly Owned Subsidiary ARAPL RaaS Private Limited
AI Summary
Affordable Robotic & Automation Ltd has made an investment of approximately Rs. 38 crores in its wholly owned subsidiary, ARAPL RaaS Private Limited, using the proceeds from their recently completed rights issue. The number of shares purchased was 3,426, with each share priced at Rs. 10/- with a premium of Rs. 1,10,885/-.
Key Highlights
- Affordable Robotic & Automation Ltd invests Rs. 38 crores
- Funds used from recently completed rights issue
- Investment in wholly owned subsidiary ARAPL RaaS Private Limited
- Number of shares purchased - 3,426
- Price per share - Rs. 10/- with a premium of Rs. 1,10,885/-