Heranba Industries to Invest ₹25 Cr in Subsidiary Mikusu India
Heranba Industries Ltd announced its Board of Directors has approved a further investment of up to ₹25 Crores in its wholly-owned subsidiary, Mikusu India Private Limited, through a Rights Issue. This investment aims to support the subsidiary's business operations and growth plans in the Agro Chemical products trading sector. Mikusu India reported a turnover of ₹182.68 Crores as of March 31, 2026. The transaction is considered a related party transaction but is exempted under SEBI regulations as it involves a wholly-owned subsidiary. The investment will not alter Heranba's 100% shareholding in Mikusu India.
Key Highlights
- Heranba Industries to invest up to ₹25 Cr in subsidiary Mikusu India.
- Investment via Rights Issue to support Agro Chemical business growth.
- Mikusu India's turnover was ₹182.68 Cr as of March 31, 2026.
- Transaction is with a wholly-owned subsidiary, exempted from certain rules.
- Heranba to maintain 100% shareholding in Mikusu India.
Price Impact
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