Investment23 Sept 2026, 05:40 pm
Clean Science Invests ₹50 Cr in Subsidiary Clean Fino-Chem
AI Summary
Clean Science and Technology Limited has subscribed to an additional 8,36,121 Equity Shares of its wholly-owned subsidiary, Clean Fino-Chem Limited (CFCL), for Rs. 50,00,00,358. This investment, made via rights issue subscription, comprises shares with a face value of Rs. 10 each at a premium of Rs. 588. The funds will primarily be used by CFCL for its projects in the speciality chemicals sector. The transaction is considered at arm's length, and CFCL is a related party to CSTL. CFCL's turnover for the last three financial years has shown significant growth, from Rs. 1.92 Crore in FY24 to Rs. 166 Crore in FY26.
Key Highlights
- Clean Science invested ₹50 Cr in its wholly-owned subsidiary, Clean Fino-Chem.
- Investment made via subscription to rights issue of subsidiary.
- Funds to be used by subsidiary for project funding.
- Transaction is at arm's length, though subsidiary is a related party.
- Subsidiary's turnover grew significantly to ₹166 Cr in FY26.
Price Impact
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