Anant Raj Ltd Invests ₹74.86 Cr in Wholly Owned Subsidiary ACPL

Anant Raj Ltd's Finance and Investment Committee has approved an additional investment of ₹74.86 Crores in its wholly owned subsidiary, Ashok Cloud Private Limited (ACPL). This investment will be made by acquiring 37,43,22,553 equity shares via a rights issue. The funds raised by ACPL are intended to meet funding requirements for the development of its data centers and cloud business. Following the investment, ACPL's paid-up equity share capital will increase significantly, while Anant Raj Ltd's shareholding percentage in ACPL will remain at 100%. The transaction is considered a related party transaction but is exempt under SEBI Listing Regulations.