Subsidiary7 May 2026, 12:53 pm
Heranba Industries' Subsidiary Allots ₹450 Cr OFCDs
AI Summary
Heranba Industries Ltd's wholly-owned subsidiary, Heranba Organics Private Limited (HOPL), has allotted 45,00,00,000 Optionally Fully Convertible Debentures (OFCDs) of face value ₹10 each, totaling ₹450 Crores, to Heranba Industries. This conversion is against existing unsecured inter-corporate deposits (ICDs) granted by Heranba Industries to HOPL. The transaction is an internal debt restructuring and does not involve fresh cash outflow or impact the shareholding/control of Heranba Industries in HOPL.
Key Highlights
- Heranba Organics Private Limited (HOPL) allots OFCDs worth ₹450 Cr to Heranba Industries.
- The OFCDs are issued against the conversion of existing inter-corporate deposits (ICDs).
- The transaction is part of internal debt restructuring of the wholly-owned subsidiary.
- HOPL's turnover for FY 2024-25 was ₹220.58 Crores.
- The acquisition does not involve fresh cash outflow.
Price Impact
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